Ewj: elliott wave

[Mup]

Intresting area the 1387.50 on the ES...

 

[Mup]

Update

notice how they couldn't close out that 1387.5 on the 5min...

Anyway were getting the move down now just have to see how far we get

If we don't get far....its still possable that were in the ED ie: we would have to slide the count up 1 degree as show in blue on the chart below

 

[Mup]

Some techincal Pressure points on the SPX going into this afternoons high...

 

[elovemer]

......possible rising wedge.... a break down to wolfe wave target of around 1300 .... and recovery .... could be forming a huge ascending triangle below 1390 ......
.... for possible accumulation.... for a real up move later.....a few weeks ?

 

[Mup]

Quote from Mup
notice how they couldn't close out that 1387.5 on the 5min...
Anyway were getting the move down now just have to see how far we get

We got far enough to discard that outside chance of the higher frame ED...

Handy when EW and Delta come together

One for elo....

 

[mu200411]

There is still another chance to go to new high as wave iii.
If the last four day is irregular wave ii.
Status as in the chart.
Strategy is to sell at break even if down again.

 

[Mup]

A Fed pop could fit a b wave pattern before the move down into the c ?? If this is some sort of lesser flat b pattern...could also get an exp flat

5 mins ES scribble....

 

[Mup]

The other option is the simple zig-zag...a-b-c with a shallow b wave...

Move below 1361 is need to jump on this count and it kills the expanded flat b wave option. (On the last chart..)

5min ES

 

[Mup]

Always handy that 123.6% the classic expanded b wave ratio...

Update on the prime flat count... note the 3 lows going to the 123.6%

5min ES

 

[Mup]

Gets a bit messy on the 5min

A bit clearer on a 15min ES..