Tuesday, June 9, 2015

Market Timing Update (6/9/15)

[EOD] Stocks -
Is the rebound a new uptrend (red), a fourth wave (gray), or another X wave (blue) of an LDT/EDT? See chart.

[1040am] SPX update -
Likely getting close to a more meaningful rebound. See charts.

[810am] ES update -
ES made a lower low overnight, in the form of a potential extended (v) of [c] (Chart 1, blue). The overnight low likely counts as iii of (iii) if the extension continues (Chart 1, red). At a higher degree, ES continues to wedge towards the potential black EDT support (Chart 2).


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