Monday, April 8, 2013

Market Timing Update (4/8/13)

[EOD] Stocks -
Chart 1 updates the near term tracking counts on SPX, with corresponding squiggle counts from the low in Chart 2. Note that the rebound from the low can be counted as a five (green) or a double three (red) in Chart 2.  Note also that the rebound channels well so far, which is not very bullish until proven otherwise.

[810am] ES update -