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Update :) notice how they couldn't close out that 1387.5 on the 5min... Anyway were getting the move down now just have to see how far we get :D If we don't get far....its still possable that were in the ED ie: we would have to slide the count up 1 degree as show in blue on the chart...

Intresting area the 1387.50 on the ES... :)

The Market could be getting into some real technical difficulty.. If it can not clear its Alt's on the daily time frame, it sets up a flat correction... Same pattern on both the SPX & INDU Something for the weekend, a Daily SPX :D

We can kill the ED idea... The Globex takes the lead wave 5 this morning...

May be easier to highlight the pattern on the 5min.. 5min ES :)

Got the move down :D Simple wave iv after the complex ii ??? see what you think :) 15min ES

Thanks Mu ! :D Update on that possable ED :) just Finished of the wave iii, so we need a move down for the iv. 15min ES

Todays pattern is full of three's So we carn't rule out an ED wave 5... 15min ES :)

One for elovemer ... Penguin bar :) Tom Williams often goes on about upthrusts or no demand bars, but these need lower volume.. What happens when the Vol increases into a wide spread bar ? These are called Penguin's .. The name comes from when aircrart fly over Penguin's. They...

Key area now for the bulls.. Wave iv buy'ers are trying their luck, they need it told hold to get the V into the close.....otherwise the bears will see the larger measured move down to 1359... 5min ES :)

Got Mu's H&S target :D These 88.6% retracements seem to crop up a lot in flats.. 5min scribble :)

Most will be seeing the 3 lows of a w-x-y pattern going into this mornings low... However, if the x wave was a failed 5th, common after an extended 3rd We could be in a B wave pattern, which would set up a C for the afternoon.. Put both counts on a 5min ES :)

We got a 5 wave structure on the YM all session :)

Whats the advantage of not going direct with the clearing firm??

Nicely done Mu, ! i've been a degree out it seems with that last post by missing that very first alt of -6.25 as the wave 2 bench mark.... Intraday 5=1 around 1369.5

The 1st Alt of -11.25 is a natural target if we've now finished a 7 wave impluse... 5min ES :)

We'll have to can that last degree count and work with a 7 wave extention... Targets for extensions are normally ratio's of the longest wave i measured from wave ii low. 61.8% of wave i comes in around 1363 area... 5min ES

Hint of technical sellers at that first MM point. The Next is the v=iii around 1361.75 Wave v can not be shorter than wave iii if its in the same degree so that 1361.75 has to be the limit, if the 5 waves are part of the same degree wave. 5min ES :)

Its the Elliott Wave pattern :D

All eyes will be on the first Measured Move Point of 1356.75 to see how it responds..:) 5min ES