Tuesday, November 26, 2013

Market Timing Update (11/26/13)

[EOD] Stocks -
The minimum requirement of a high discussed in Potential Pullback (11/22/13) is now met at today's high (Chart 1, blue). But leave room for an EDT if the market subdivides higher (Chart 1, green) - the EDT in SPX mirrors the one discussed in this morning's ES update.
[815am] ES update -
Note the red (5) or red C wedge tracking count if an "extra" wave shows up on the squiggles. See chart.