Ewj: elliott wave

[Mup]

I'm Sure TA traders are watching the $123.70 area on CL to see if we get any reaction...

 

[Mup]

QM's #F 1:1 is $124.95

 

[mu200411]

"M" pattern confirmed. This may be a bigger wave than expected.
May be wave .4 or :2. :eek:

 

[elovemer]

..... after bearish rsi divergence on daily chart yesterday ....
.... we now have an outside bar on daily today ...
.... not saying that we will drop from here.... but it could be the start of something to the downside....
...... 1450 would have made a great short.... maybe we will still make it before the drop.... who knows

Quote from elovemer:
.....starting from april 2nd.... bearish W on XLF is complete at 161% ... could be a signal....

 

[Mup]

Nice spot elo,


For the Bulls we need the whole move from the 15th of April to the May 2nd high to be the wave (i) of an ED...

This current correction the wave (ii) as Mu hints at...


15min ES

 

[Mup]

Needs to get through that 1:1 @ 1398.5 inorder to rule out a possable flat pattern...

5min ES

 

[mu200411]

"W" pattern if confirmed will be a good buy signal.

 

[Mup]

Scribble on the Globex with five lesser waves complete...

120min

 

[Mup]

While its quiet....

A quick look at BA as it might be getting ready to do a final 5th wave of a larger C into that $88-$90.... ?

12min BA

 

[Mup]

Was it elo, who asked about corn..??

Looks like we could either get an Extended 5th or an ED...

Commods though, seem to like Extentions in 5ths...?

Weekly Corn..