Ewj: elliott wave

Bench mark for today is still the -4.5/75 Alts...

If it starts to correct more then weakness sets in...Then the next higher ALt ( -15-17) comes into play..
 

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Sometimes there is no wave five as expected.
There is no lower or sell signal.
There is higher high, so it is a buy.
Measured move points to +500, +50, +100 points from the -180, -18, -36 area.
 
Quote from mu200411
Another wave down and the down count will be complete.

Nicely done... :)

Its held the previous Alt and the bulls could see wave 4

:)
 
The Bulls are no doubt seeing this...

38.2% when measured from the top of the previous inpluse wave... Again see page 127 in Frost and Prechter for the classic Flat example..

Weekly SPX...
 

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