Tuesday, June 18, 2013

Market Timing Update (6/18/13)

[EOD] Stocks -
 Regardless of the exact internal tracking counts (see 105pm update, for example), there appears to be a three wave decline followed by a three wave rebound so far. See chart.
[105pm] SPX update -
Near term toppy. See charts.

[810am] ES update -
Note the potential wedge and triangles.