Wednesday, November 12, 2014

Market Timing Update (11/12/14)

[EOD] Stocks -

[12pm] SPX update -
SPX is kissing (now failed) prior support if it is a wave two rebound off a wave one LDT decline. Wave math points to 2046/2055 if the current rebound is a small-degree fifth wave. See charts.

[810am] ES/SPX update -
The overnight drop in ES resembles a downward flat with an expanding EDT wave C. If so, a potential fourth wave a potential gap-down open. See charts.