Thursday, December 4, 2014

Market Timing Update (12/4/14)

[EOD] Stocks-
SP500 closed right at near term resistance. The proposed small-degree wave five may be in (RED) or a wave four triangle could buy some time (GREEN). See chart.
[240pm] ES update-
Tracking counts. Assuming no further small-degree extension. See charts. If a small-degree extension takes place, there is a potential IHS about 15 index points in the works.


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