Thursday, September 24, 2015

Market Timing Update (9/24/15)

[EOD] Stocks -
It's interesting that the early September retest low (1903.07 in SP500, Chart 1), which is potential orthodox low, is holding for now in most indexes with the exception of RUT. The rebound from today's low is a 5th wave shy of being a well-formed five-wave upswing (Chart 2)

Bull and bear scenarios from the August low. You Pick (Chart 3 and 4).

[920am] ES update -
ES wrapping up a 3-wave drop 9so far) from its Sep rebound high as DAX retests its Aug low wrapping up a 3-wave drop (so far) from its Apr high. See charts.