Tuesday, August 13, 2013

Market Timing Update (8/13/13)

[EOD] Stocks - 
Tracking a bullish fresh upswing or a bearish wave C of an upward flat, as suggested by the squiggle charts.

[135pm] SPX/ES update -

[1025am] SPX update -

[715am] ES update -
A visual three wave decline from the all time high in ES (daily, squiggle-blue) and a forced/oddly-formed potential five-wave decline (squiggle-red).
If ES rolls over, note the potential HS in the daily (blue shoulder line) that points to the 1650 area and MA50 as an initial target.