Ewj: elliott wave

[mu200411]

Now TRAN may be in Wave 3)5.5:5 or Wave 3)5.5:1v .

TRAN may be in Wave 3)5.5:5 or Wave 3)5.5:1v .

 

[mu200411]

SPX may be at the beginning of Wave 3)5.5?

 

[mu200411]

A strong move UP as expected.
Wave .3:3v target may be 81.7 .

$USD may be in Wave .3:3iii.
This should be the strongest sub-wave in in Wave .3 .

 

[mu200411]

It is not uncommon that wave 5 is equal to 61.8% of wave 1 like this TRAN's wave five.
Wave 3)5.5:2 target = 7960,
Wave 4) target = 7010.
Don't know which is the right target.

Now TRAN may be in Wave 3)5.5:5 or Wave 3)5.5:1v .

 

[mu200411]

This drop may be Wave V]IV)Dc]5)3.4 or Wave V]V)I3]5)3.4
unless 16,505 is broken.
If 16,200 is broken, this drop cannot be Wave 5)4 .

INDU may be in Wave V]IV)Dc]5)3.5:5v or
Wave V]V)I3]5)3.5:5v at the moment.

 

[mu200411]

This drop may be Wave 3)5.4 unless 1883 is broken.

SPX may be at the beginning of Wave 3)5.5?

 

[mu200411]

$USD @ 81.64 almost touch 81.7 target.
Wave :5 may end at 82 or 83.

A strong move UP as expected.
Wave .3:3v target may be 81.7 .

 

[mu200411]

INDU low = 16.394 so this is not Wave 3.4 .
This may be Wave 5)4 as long as 16,200 is not taken out.

This drop may be Wave V]IV)Dc]5)3.4 or Wave V]V)I3]5)3.4
unless 16,505 is broken.
If 16,200 is broken, this drop cannot be Wave 5)4 .

 

[mu200411]

A strong rebound from above16,200 may be the beginning of Wave V]IV)Dc]5)5? or V]V)I3]5)5? .
Wave 5 should be shorter than wave 3 because wave 3 is shorter than wave 1.
There may be no new high if there is wave 5 failure.
Five waves DOWN, if three waves UP then new low, 16,200 may be broken.

INDU low = 16.394 so this is not Wave 3.4 .
This may be Wave 5)4 as long as 16,200 is not taken out.

 

[mu200411]

Crude Oil did not rebounded as expected because Wave 2)c extended into .1 .2 .3 .4 and .5 which seems to form a descending wedge.
Next should be a rebound as Wave 3) to $109 .
But a DOWN move to $87 is also possible.