Ewj: elliott wave

[ammo]

thnx mup and mu ,plz keep posting

 

[Mup]

Thanks ammo..

The Bears are still technically in control unless that larger +64 Alt gets taken out...

 

[Mup]

A chart always helps...

120min Es Globex 24 chart, (The day session chart has the Alt just above around 1419)

 

[mu200411]

A measured move at the previous peak, wave i, and fifth wave of third wave. Is there wave five?
It is tempting to take profit again here. Expect a -200, -20, -40 points correction soon.

 

[Mup]

If it goes Below the last correction of 4.5 (1309) then weakness apears. If its holds then the Bulls wont bail just yet

5min ES

 

[Mup]

While its quiet...

Don't normally post these, fib number pressure points However there worth keeping an eye on, especially the on the cash index...

Its +55 up from the swing low and -21 points down from the previous swing high...(1312-1313)

 

[Mup]

Handy those lesser 4.5 Alts

w5=w1 comes in around 1315.5 on the ES intraday...

 

[mu200411]

One more wave and the count is complete.

 

[Mup]

well Its bumped up against that larger Alt as posted from before... Day session gives the Alt @ 1319.5 area so its go a few points lee way for Mu's possable last wave...

 

[ammo]

Quote from mu200411:

One more wave and the count is complete.

i count 5 on mups chrt, is your next wave up or down