Thursday, January 3, 2013

Market Timing Update (1/3/12)

[2pm] SPX update -
SPX bounced off prior neckline (Chart 1, green), now facing potential resistance around the Hope Rally trendline (Chart 1, red) as well as near term channel resistance (Chart 2).

[845am] ES update -
Tracking counts from the cliff low. See chart. See yesterday's EOD update for larger counts.