Ewj: elliott wave

Quote from mu200411:

Fifth wave at measured move :) .
There should be a significant rebound :D .
More...

Good one Mu. It is a very significant bounce indeed! :)

I share the same outlook that this bounce could be a wave 2 up.
 
...you blokes vacationing today ?
:)
....edit....ok blokes... watch out for an 854 sell
...if not the 54 sell on bear W .... if more upside.... then could be high into the close....
 
Quote from elovemer:

...you blokes vacationing today ?
:)
More...

I'm here as usual, just that the volatility is messing up all my charts...:(

Been trying to figure out the counts with the charts darting everywhere....

Edit:
It does seem to have the "feel" of a wave 3 down right now.... Need to break the low today.... :)
 
Quote from elovemer:

...you blokes vacationing today ?
:)
More...

No, but with the LIGHT volume you would think that many have taken the day off. In any event, there are some decent moves in this rally up off the 2:18PM low in the SPY at 84.42
 
...if we close at the high......
...then look out next week for the inverse HS on daily to play out.... kaboom....

..... otherwise big roll over here....
 
Quote from elovemer:

...last 30min gonna be big here... :)
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A 40 minute rally into 3PM and then a .382 pullback and yet another surge into new highs.

Feels like short-covering, but impressive nonetheless given ALL of the bad news the last 2 sessions! that 818.41 SPX intra-day low feels like a MILLION MILES AWAY now.

:D
 
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