Ewj: elliott wave

[Mup]

Thanks Mu !

Update on that possable ED

just Finished of the wave iii, so we need a move down for the iv.

15min ES

 

[Mup]

Got the move down

Simple wave iv after the complex ii ???

see what you think

15min ES

 

[Mup]

May be easier to highlight the pattern on the 5min..

5min ES

 

[mu200411]

NASDAQ hold above Wednesday high. It will be a blessing for the Bulls if DJI and SP500 would go into that territory too!

 

[Mup]

We can kill the ED idea...

The Globex takes the lead wave 5 this morning...

 

[Mup]

The Market could be getting into some real technical difficulty..

If it can not clear its Alt's on the daily time frame, it sets up a flat correction...

Same pattern on both the SPX & INDU

Something for the weekend, a Daily SPX

 

[elovemer]

....i missed this dead gummed bull butterfly because i was including AH.s ......

 

[elovemer]

....but here is a bearish W ........
.... and on an upthrust daily bar....
.... sunday evening could provide an opportunity

 

[mu200411]

Status:
Short "Long postion" closed at the "W" neckline break as said and re-open at Mup's measured move when there was a higher high. Short "Long position" closed when there was a divergence between SP500&NASDAQnewhigh and DJInonewhigh and there was a lower low.
Hold long "Long position".
Strategy:
The last wave five failed me, so I reduce the count one degree and Thursday high is wave i , today low is wave .á, today high is wave .â. Monday low may be wave ii.ã:v and the Market bounce 500, 50, 100 points off the low. If the triple top pattern is confirmed the Market may fall down -200, -20, -40.
So buy at the expected triple bottom or if wave :i is broken.
Sell the long "Long position" if the "double bottom support" test failed.

 

[mu200411]

Oh! New highs in many indices.