Sunday, November 9, 2014

Market Timing Update (11/10/14)

[EOD] Stocks -
The blue count in the squiggles tracks if SPX prefers a Nov. extension. Otherwise, SPX is likely to wrap up the Oct-Nov advance somewhere below 2045. See charts.

[1055am] SPX update -
small-degree wave five thrust. see charts.

[730am] ES update -
potentially a larger triangle. See charts.

[11/9/14 830pm] ES update -

Wave rules & guidelines at two degrees appear suggest that ES is likely to be capped the 2045 area. See charts.