Tuesday, July 30, 2013

Market Timing Update (7/30/13)

[EOD] Stocks -
Chart 1 presents top tracking squiggles. The red count tracks the potential for a retest of the red neckline in Chart 2 as well as more bearish development. The blue count tracks the bullish potential of a w-x-triangle y pullback.  See charts.


[1130am] SPX update -


[820am] ES update -
ES is above overhead resistance on the daily chart. Near term counts track a bullish terminal triangle or a bearish flat. See charts.


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