Thursday, May 7, 2015

Market Timing Update (5/7/15)

[125pm] SPX update -
Squiggles. See chart.

[1130am] SPX update -
Lines and squiggles. See charts.

[735am] ES update -
Chart 1- Red EDT says top is in. Black EDT says one more ABC upswing.
Chart 2- ABC decline from ATH so far. Overnight lower low. Can SP500 cash avoid a downward gap open? Jobless claims at 830EDT.