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Triangle? :) ESM9 120min Edit: Count invalid above 908 :)

Congratulations Mu on 1200 pages!!! :eek: Many more good days to come! :D Here's a re-count of the SPX from March 9th. It's a slightly different variation from yours, but the direction still points up for a while.... :) SPX Daily :)

Should this morph into a triangle, then 885 and thereafter 877 has to hold..... :)

Still not much clarity whether it was a wave (2) up or a triangle. But well, whatever the case, we got our down day! :D On the ESM9, the 890 area seems a good resting place for a wave 4.... :) blnbr, Your 880 on the ES could be spot on for wave 5 tomorrow.... and I like your fibo...

Thanks ammo! :) Ok... my charts are acting up again... is it a hint of another major move? :D :D :D

Since Mu has mapped out the triangle option, I thought I'll cover another perspective.... :) On the ESM9 daily, it could pass off as a zigzag wave (2) up. Naturally, with this count, the previous high of 929.50 cannot be breached. This count ties-in nicely with a possible wave 3 up in the VIX...

The SPX paints a slightly different picture from the ES..... Watch the 62% retracement @ ~907.38. Bullish if it crosses above and bearish if it stays below.... :) The VIX is also hovering over the 50% retracement @ 30.57 after what seems like a full 5 waves up from 26.57 to 34.57.... :)...

Nice work! Surely an ED C wave.... no doubt! :) Glad I turned bullish...... :D

Thank Mu but I'm afraid the market wiggles are making me shift to the bull camp again..... :D (Thanks for your first paragraph first post on page 1...... :D) Very tricky maneuver here.... Curveball of curveballs! ESM9 60min :)

Thanks Illum Here's one bearish view.... :) SPX 15min

Mu, I think 881 in the ES may be a good place for a w2 bounce up for us bears to reload.... :D VIX is climbing so aggressively it looks like we're in an impulsive third wave up :eek: If all the sell signals are followed through, then I don't think we'll see the high of ES @ 929.50 for a...

Extended extended fifth in the daily VIX. Well, if it does decide to make one final drop, then my target is ~25.75. VIX daily eustaer, In a ABC flat, the C wave is often 1.236 of A wave. That's how I arrived at 25.75. :) If this corresponds with the 62% retracement @ 911 in the ES...

eustaer, Bear in mind that in EW, there are always alternate counts. The huge w4 scenario happens to be my preferred count. If this is so, then naturally, w5 would follow to a new low, unless it truncates.... :) The other popular view is that SPX 666 marks the bottom of a huge w1 down and...

The previous red scenario still seems possible... If ~911 holds, then there is still a glimmer of hope for a 5th wave extension, maybe even ED (sorry Landis, I know I said this many times but well.... Mr Market is mischievous....:D) If 911 doesn't hold, then the purple 50% and 62% would be...

Hello and thanks chiefchimpanzee, eustaer and Illum. Welcome! All these is possible because of Mu who started this thread. Thanks Mu! Eustaer, Your chart labelling seems ok. Note there is no right or wrong count. Mr Market goes where ever he wishes. Only he is right. We just guess and...

:) ESM9 60min PS: Not feeling too good... That's all for me today... :)

Got to 896.75 and more.... :) Seems like I counted my ED too slow..... :D Look out for that 50% in the ES at about 901... :)

Thanks Landis... The ES seems to be developing an ED fifth.... :D If it is indeed an ED, then I'll have to give more weightage to the red scenario :eek: Whatever the case, I think 896.75 should be a safe target before Mr Market goes whereever he wishes to go.... :)

And here's what I see after burning off the ethanol..... :D SPX 60min

Thanks ammo! :) I'm still learning and refining EW. I think the greatest irony with EW (and perhaps it's greatest strength too) is that no count is absolute. There are ALWAYS other possibilities. Few can accept this. With multiple possibilities come complexities, thus rendering a...