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Got the move down into that T1 target area... :) Now its needs to "hook back" above the 1272 low pretty quickly otherwise we'll have to step up a degree.....

OIH looks like its in its final ED wave 5.. Could do with a "throw over" into that 227-8 area to finish the pattern off nicely... Daily OIH

60min SPX for the "bigger picture" view...:)

Update on that count...:) Still could have one more low to make if this move up from this morning low is now part of the ED wave 4... 15min ES

Hi QuangViet Thanks for the Chart and welcome to the Thread :)

Agree Mu we need a move up to at least above 1291 (fridays high) (ES)... Although at the moment I carn't rule out , this move up being part of an ED wave ii.. 15min ES :)

Bit of Support around the 1:1 as Mu pointed out earlier..:) On labeling, I carn't lable the SPX 1,2,3,4,5 from the 6th of June swing high, because wave 3 would be the shortest & we get overlap between wave 1 & 4.....Hence my Zig-zag count... The other option is the EWI end of the world...

I also like that 1263 area Mike... :cool: I've been scribbling on the classic waterfall ratio's to target 1263.71 as T1 for a double pattern. Or 1222.02 as T2 for a Triple pattern... See what you think on this 60min SPX...)

I'm still not comfortable with the EWI sky falling in count...of 1,2,i,ii ect ect... The pattern has to many "corrective" features with overlaping wave structure for my "Frost bias" counting style... Rather than the super bearish option of the EWI, I'd rather go on to a double zig-zag...

Approaching Mups T2 target of that Gap close... If it goes much below that 1289 area, then I'll have to re-consider moving on to a more bearish Alt count...We got a interday delta turn between now and 13:30pm...

Daily ES #F Needs to hold its 1:1 on the daily frame ( ie not close below it) otherwise it will be implusing ....

Now its gone 1:1 this is key.... 120min SPX

A move back up followed by a lower low would be ideal for the Bulls... 15min ES

Would not surprise at all, to see the Prechter Boys at EWI doing a "Sky falling in" 1,2,i,ii,1,2 count of an extended wave (3)... :eek: I'll draw in on a chart below... Hence the more reasons we may get a bounce from these levels once this final wave of the ED is finished...:)

CL is looking like its off into a lesser 3rd.. The best case for the bears is, that ,it starts to morph into an ED pattern...Otherwise the Bulls will be well in control with an Extended wave (5)... Daily CL #F

Come with in a point of Mups first target area :) Well see how it responds around this key 78.6% 161.8% ext just below @ 1295 area

Looks like were in the minor 5th wave of the "a" wave...

15min ES... ED waves are always 3's so we need an a-b-c pattern to complete the 5th...

On the SPX , 1295.5 is the 78.6% Also (C) would be 161.8% of (A) measured from (B) at that 1295.5 area... 60min SPX.... :)

120min Globex... Target areas for an ED 5th wave... 1296 area is the 78.6% & 1289.75 is the gap close :)