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Is this an Ending Diagonal :confused: . Blue line is for BUY Signal, Red line SELL Signal :) .

We got our Crude Oil fifth wave right on Landis' target of $59.45 :cool: . But the UP move still look corrective :eek: . There may be some more DOWN move or a measured move UP :confused: .

SPX breaks loose of Crude Oil :eek: . If the reverse Head and Shoulders pattern is confirmed SPX may go to near 900 :) .

Crude Oil Landis' 61.8% retracement target at $59.45 reached :cool: .

A star near measured move. Is the reverse Head and Shoulders pattern confirmation a Bear Trap :confused: ?

It looks like there is one move wave to go DOWN to $59.45 - $58.75 as Wave 2)c.5:5 :) . But wave five is treacherous, it may not show up at all :confused: .

Thanks Landis, We did this together :D . mu. Will this DOWN move reach the final target :confused: ?

Crude Oil $60.25 => $.80 to Landis' 61.8% retracement at $59.45 :) . SPX 870 => 5 points to top of Wave 1)1 at 865 :D .

$61 target reached :) . Next stop is Landis' 61.8% retracement at $59.45 :D .

P&F pattern: Double Bottom Breakdown on 07-Jul-2009 :) . Bearish Price Obj: 825.0, same a EW :D . http://stockcharts.com/def/servlet/SC.pnf?c=$SPX,P&listNum=

Crude Oil's Wave 2)c.5 has not ended yet but is slowing down. ED target may be $61 .

First target reached :cool: . Measured move target will be 865 at top of Wave 1)1 :) . This may be a Bear Trap. Head and Shoulders maximum target is 825 near end of Wave 1) 2 :D .

So Landis' first target at 50% retracement has been reached :cool: . The count may be either Wave 2)c.5 and UP to new high or 2)c.5:1 and DOWN to Landis' second target at 61.8% retracement :confused: .

So Monday's Hammer is a failed hammer as expected :cool: .

Nine failed hammers or hammer-look-alikes when 40- and 21-dSMA was trending DOWN :D .

A Hammer or Hammer-look-alike at supports in all indices :) .

200-dSMA people are buying. 40- and 20-dSMA people are selling. A Hammer at supports may be a breather for the bulls :) , before we continue downwards :confused: .

Thanks Landis, Different approachs but almost identical targets :) . $62.2~$62.5, $59.45~$59. mu. This UP move looks corrective. The more time it takes the more probability that it is Wave .4 :D .

So we get our rebound, albeit only 50% of the expected $3 rebound :cool: . This may be the first zigzag of a double zigzag :) .

Wave :5v comes close to another measured move :) . Edit for wrong labels :eek: Our Crude Oil's Big "M" pattern was confirmed :) . End of the pattern may be $4 - $7 below the neckline at $66.2 :D . The last wave is 2)c.3:5iii. Next may be iv to $66, :5v to $64, .4 to $67 then 2)5.5 to...