Monday, July 13, 2015

Market Timing Update (7/13/15)

[EOD] Stocks -
SP500 closed at its MA50, likely to complete a potential E wave (Chart 1). Chart 2 tracks near term bullish and bearish counts.

[835am] ES Update -
ES broke above (potential bearish triangle) resistance on a Greek deal (Chart 1) and is approaching overhead trendline resistance (Chart 2). See Charts and Potential Upswing (7/10/15) for more.