Ewj: elliott wave

[elovemer]

...forgot to post my one min channel today....
...here it is
...edit...wow talk about speed at the end there....right at 75% line... on channel

 

[Mup]

if it could push to that 979-81 area then it would make for a great sharp move down for a wave iv this afternoon...


5min ES

 

[elovemer]

....mup 80 would be great with that 40 low on the day.... :0)
...edit....still a little more room in that channel

Quote from Mup:
if it could push to that 979-81 area then it would make for a great sharp move down for a wave iv this afternoon...
5min ES

 

[elovemer]

...channel update ....including mup's 80.5

 

[mu200411]

+400, +40, +63 points and still going UP .
Look out for supporting trendline break :eek: .

 

[elovemer]

...bullish as long as riding center line
....edit...possible 992 mm target...

Quote from elovemer:
...channel update ....including mup's 80.5

 

[Landis82]

Quote from Mup:

if it could push to that 979-81 area then it would make for a great sharp move down for a wave iv this afternoon...

Excellent call!
Just traded up to 984 and change on the SPX.

 

[Mup]

That last spike could be a exp flat b....

Bears need to sell it down from here otherwise normal 5th will become lead as Mu's pointed out earlier.....

 

[elovemer]

.....channnel update
...edit...if the high is not in.... then keep an eye on 2nd hour monday

 

[Landis82]

Quote from Mup:

That last spike could be a exp flat b....

My sentiments exactly!

5 little waves down in the C-wave before we got a bounce of roughly 55% before breaking down further on light volume to 95.72 SPY. - - - Been chopping around for the last 15 minutes as we head into the close. Perhaps a slight push back up before the bell.

Today, is the fiscal year end for a lot of Funds.

C=A at 95.39 SPY