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  1. M

    Ewj: elliott wave

    NASDAQ: One or No more last push to new high around 5,200.
  2. M

    Ewj: elliott wave

    Interest sensitive UTIL leads the way DOWN.
  3. M

    Ewj: elliott wave

    Crude Oil didn't go up as expected but fell to $44.75 near previous low. If this is a Flat Correction, Crude Oil may return to $54.24 as Wave 3)4.c . Wave V]IV)C3]5) can go DOWN to $37 or $31.
  4. M

    Ewj: elliott wave

    EUR/USD took a dive to 1.049. This may be Wave .3 . After Wave III3]3)5.4 ends, Wave III3]3)5 or Wave III3]5) can go DOWN to 1.020.
  5. M

    Ewj: elliott wave

    $USD passed 99 target and moved on to 100.06. This may be Wave 3]5)5.3. After Wave .4 ends, Wave 3]5)5.5 may reached 61.8% Fibonacci Retracement target at 102.
  6. M

    Ewj: elliott wave

    USD/JPY broke previous top at 121.850 and went up to 122.025. This may be Wave 3]3)5.3. Wave 3]3)5.5 might end near measured moves at 124, 127.5 or 129.3.
  7. M

    Ewj: elliott wave

    USD/JPY made a Triangular Correction then headed UP. Targets may be 126.5 and 134. Note: "W" pattern.
  8. M

    Ewj: elliott wave

    INDU 2000-2016 wave may be like INDU 1966-1974 Expanding Triangle. Note a Flat top like current SPX triangle. INDU is just above Expanding Triangle upper borderline. Wave IV]IV)Dc]5) may be an Ascending Triangle or Ending Diagonal.
  9. M

    Ewj: elliott wave

    SPX new high can be part of an Expanding Triangle like in the year 1973. The peak was in March. Note the 3-3-3-3-3 pattern. SPX is at 261.8% Fibonacci Advancement. Wave 5) may be an Ascending Triangle or Ending Diagonal.
  10. M

    Ewj: elliott wave

    NASDAQ is under the influence of a large "W" pattern since the year 2000 which is almost complete. This may be Cycle A-B part of a 16-year Flat Correction of Super-cycle Degree Wave IV). Robert Prechter counted 1966-1982 as a 16-year complex correction. Intermediate Wave5) may be an Ascending...
  11. M

    Ewj: elliott wave

    TRAN Wave 5) or Wave 5)1 might have ended at 261.8% Fibonacci advancement or a large measured move. Wait to see the development of the "Big M" pattern. An alternative count is the green count with TRAN a bit longer than measured move. Another alternative count is the pink count with TRAN a bit...
  12. M

    Ewj: elliott wave

    UTIL Triple Zigzag V]IV)B might have ended at 657.17 so a 13.6% fall to 567.55. The rise from 2009 to 2014 can be counted as 5 waves though wave 3 is somewhat atypical. Correct of this 5 waves may end near wave 4 at 467.93 or a 27.27% correction. Supports are at 555.71 and 524.82.
  13. M

    Ewj: elliott wave

    AUD/USD didn't rebounded as expected. Wave IIc]5)3.5 extended to as low as 0.762 which is at a measured move. Wave IIc]5)3.5 might have ended. Wave IIc]5)4 could go UP to .83 or .86 .
  14. M

    Ewj: elliott wave

    Silver Wave IVc]5)5.4 rebounded as high as $18.5 but was still below Wave IVc]5)5.1 then fell again. Wave IVc]5)5.5 target may be $13.7 or $12.1 .
  15. M

    Ewj: elliott wave

    Gold rose to $1307.80 then fell. This may be Wave IVc]5)3.4 or complex corrective wave IVc]4). Wave IVc]5)3.5 can go DOWN to $1080. Wave IVc]5) can go DOWN to $960.
  16. M

    Ewj: elliott wave

    The wave passed the 94 target to end at 95.48 . The set back to 93.25 is small, may be count as Wave 5)4. Wave 3]5)5 can go UP to 99 or 102. $USD is currently under the influence of 14-year "W" pattern. "W" pattern target may be 108 and 113. Note: 95.48 is near 50% Fibonacci Retracement...
  17. M

    Ewj: elliott wave

    EUR/USD rebounded from 1.109 to 1.153 may be Wave III3]3)4 or Wave III3]4). Wave III3]3)5 may go DOWN to 1.097 after a rebound to 1.124. Wave III3]5) can go DOWN to 1.020.
  18. M

    Ewj: elliott wave

    Crude Oil stays above long term support. If this is Wave 3)5.4 the target may be $60. If this is Wave V]IV)C4] the target may be $77.
  19. M

    Ewj: elliott wave

    EUR/USD 1.130 taken out so swiftly! This may be the end of Wave 3)3 or Wave 3)5. Next may be a rebound of Wave 3)4 to Wave 3)3.4, or Wave 4) to Wave 3)4
  20. M

    Ewj: elliott wave

    USD/CHF and EUR/CHF can be count as a Cycle Wave DOWN, with Primary Waves 1], 2], 3], 4] and 5] components. USD/CHF Wave 5] may be a wave 5 failure.
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