Ewj: elliott wave

For the Bulls the only real option with the waves being 3's on the lower time frames is that larger ED pattern with this move lower still being the wave ii...

120min SPX :)
 

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I'm still slightly more in the short term bull camp unless that 1368 gets busted (ES)... Mu's bullishness must be rubbing off :D

1368 (ES) is the last Inter delta point, so if we go below that then clearly the higher Medium frame has come in slightly early.

When MTD points come in early. it means an even higher frame (LTD) has come in as well...

ED C wave count on the Globex 120min.. :)
 

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Update on that last globex chart....

Wave IV's of an ED like the area's between 38.2% & 50% so maybe upwards chop till after lunch before starting the V ??

If 1381 gets busted before then, we'll have to re-assess things...

120min Globex :)
 

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