Wednesday, July 8, 2015

Market Timing Update (7/8/15)

[8am] China SSEC /ES update-
China SSEC (down -33.92% H to L) likely completing the initial impulse decline (Chart 1 blue) or in 3 of 3 of the proposed impulse (Chart 2 red). Chart 2 tracks ES in early stages of an advance or still in a triangle-type small-degree wave 4. SPX cash looks relatively more bullish.