Thursday, June 27, 2013

Market Timing Update (6/27/13)

[EOD] Stocks -
Most likely, the market is in the process of a wave (iv) or wave 2/B retrace (Chart 1 blue), which also implies that one can count a completed zigzag from the low (Chart 1 red). Chart 2 shows how the squiggles fit into the larger structure.

[2pm] SPX update -
squiggles from the low.

[8am] ES update -