Wednesday, August 28, 2013

Market Timing Update (8/28/13)

[EOD] Stocks -

[1108am] SPX update -
Wave (e) of [5] of a potential EDT as discussed in the 740am update.  Let's see if it can fill the overhead gap.   The bearish count is a small-degree 4th wave, better seen in ES.

[740am] ES update -
Potential near term low today, potentially wave (e) of [5] of a potential EDT on the SPX cash chart.