Monday, July 27, 2015

Market Timing Update (7/27/15)

[EOD] Stocks-
Several indexes have now broken below their July lows (Chart 1).

Squiggles place SP500 at a potential a small-degree 4th wave rebound (Chart 2), which fits into the gray wave (c) of [d]-down OR the red wave (i)-down at a larger degree (Chart 3).

[740am] ES update-
Overnight sell-off in ES to complete ABC or 123 as marked. See chart and weekend commentary for details.