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We're entering the index timing high window today with the focus visible on SPX and INDU daily charts from tomorrow until Thursday August 6 th . The strongest timing is visible with the manual work done on the SPX chart, with an emphasis on tomorrow. On the shorter term, we held 45 minute price and time lows on the ES on Friday morning – now we're facing timing highs at the open on ES and YM. We'll have to pay particular attention to any intraday timing highs if price is nearing additional target extensions, as the 45 minute timing may work together with the stronger daily timing to signify at least a stronger corrective decline in store.
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