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Have to be Mindful of an ED pattern..... 15min ES:) Thanks Freddy & welcome to Mu's thread.. :)

Handy those Alts :D For keeping us on the right side of the bias...Ie who's cracking the whip...:)

Simple line in the sand the ALt ...The bears will be watching.... +ve bias on a close above .... -ve if it carn't close it out ... 15min ES

Proved to be a big warning flag :eek: as soon as the 50% went the bears were back in control.. I would of liked the ED pattern as it would of given a great set up..for a sharp sell off.. ... Seems I was counting to slowly for a change :D.... we did get a sharp sell off, so I'll re-adjust the...

Well its now overbalanced its last Alt of -10.75... Thats a warning flag, the mainstream counters will still have this move down as a wave 4... However we like to be outside the box on this thread, so an ED C wave is now a strong option... 15min ES :)

Not Techincal at all these markets :D 161.8% for a wave 3 now in a 4...1268 is the 38.2% as a first possable support area... 15min ES :) Thanks ammo :)

15min ES....:) As Mike points out that 161.8% ext will catch peoples attention...

60min SPX... Done the a-b, now in the final part of the wave iii of C wave....Then we need the wave iv & v to finish this wave set.

The 61.8% ratio is Key when it comes to this type of pattern, once price holds a larger 61.8% in this case the 1250, and breaks above the lesser 61.8% back up ie the 1257... Then odds on, the price will go to at least the 1:1 of the larger 61.8% which was 1268... Chart always helps :) 15min ES

Thanks Mike :D Hence the more bullish bias this moring with a host of Fib timing hits today... Reminds me of that, old Hamilton Bolton saying: Fibs lead, the waves just follow..... :)

In an ideal world I'd like to see a move upto the 38.2% around 1314 on the SPX...As it would fit a Medium delta point I've been waiting for since the 21TD time frame :eek: :D There's a least 3 possable counts at the moment: The simple 1,2,3, now in a 4... The completed A of a double...

CL has overlapped so wave (ii) of an ED pattern...

ED looks complete to me... Btw its 34 trading days from the 19th May high for those who follow such timing pressures....:)

Needs to get a move on to bust that 61.8% @ 1250... otherwise a failed Vth comes into play.... Above 1257 swings the odds in the failed Vth count...Below 1257 still has a chance of a new low...so its a nice line in the Sand for bias...

Looking more like it wants the final V...:) A run to at least the 1240.75 should be on the cards if it is a V..... 15min ES :)

That wasn't aimed at you sg... It was aimed as Landis pointed out at our friends at EWI... Sorry if it came across too directly...

key area now...if it carn't clear the 38.2% the its down into a wave v.... 15min ES :)

There is still a chance that we could still be in a flat wave (iv) of the ED... Just need to keep an eye on that 1260 incase it starts to stall out... 15min ES

SPX 60min :)

Below $200 ... :) Lovely Chart that OIH On a side note SLB has been a cracker as well :D