Tuesday, October 2, 2012

Market Timing Update (10/2/12)

[350pm/EOD] Stocks -
SPX reclaiming this trendline support (Chart 1), but not yet out of a potential bear flag territory, as some tracking counts on the Dow show (Chart 2).

[1235pm] SPX squiggles -
Watch this potential support or potential small-degree terminal move.

[9am] ES update -
ES/SPX needs to overcome this potential bear flag for a push to the upside (chart 1). Keep an eye on the larger count (chart 2).