Thursday, April 18, 2013

Market Timing Update (4/18/13)

[140pm] SPX update -
If the green wedge fails to the down side, note the potential for a thrust out the red triangle to complete wave 5-down of an impulse or the 2nd wave c-down of a double three. See chart.

[8am] ES update -
Note the bearish triangle option which fits near term support and resistance well.