Ewj: elliott wave

Those pesky Alts again :D

As long as it holds that -44.5 it has a chance a going higher.... While its holding the Alt I'm tempted lable the move a simple w-x-y as most will see 5 waves... If however it busts its ALT, then a swift move to 800 as blnbr points out will be on the cards...

Hope you enjoyed your lunar break Mu !

120min Globex
 

Attachments

Looks like a trend change in the ES..... Broke through the 8.75 ALTs to the upside.... :)

Chart not working...

Nice to see you back Mu!

And Mup, when r u officially back? :)
 
Quote from ed:
Looks like a trend change in the ES..... Broke through the 8.75 ALTs to the upside.... :)
[/i]
More...

Couldn't overbalance its ALT on the day sesson, they just saw a Flat and sold it to test how strong this Globex low is....
ALTS on the day and ALTs on the Globex 24h are different beast due to each playing out thier own wave sets... :)
 
Quote from blnbr:

The aggressive 5-wave down today and the trend line resistance on the daily chart lead me to suspect that the last 4 days’ rally is over and SPX may be heading towards 805 or lower in the next few days.
More...

Good call blnbr! Well done! :)
 
Quote from circadian:

Okay guys, I pop in here from time to time to see what's going on, and I must say that it looks like the EW thread is where the hardest working T.A.'s are.

I have something for you guys to look at. It seems like it has gone relatively unnoticed by many. My question is this: "Are we about to see a relatively strong bout of volatility expansion?" That's what it is beginning to look like to me. The chart is the VIX. The formation is obvious. All opinions welcome, and I'm pretty fresh to EWT, so dumb it down for me if you must. Thx.
More...

I think people here are mainly focusing on S&P 500 index and occasionally on Forex, oil and gold.
 
Yes Good stuff blnbr :)

Well time to step up a degree for the next 1:1 @ 813 area on the Globex & the 61.8 @ 827.5
Seems the Delta point has come in on the 28th ...

120min
 

Attachments

Quote from circadian:

Okay guys, I pop in here from time to time to see what's going on, and I must say that it looks like the EW thread is where the hardest working T.A.'s are.

I have something for you guys to look at. It seems like it has gone relatively unnoticed by many. My question is this: "Are we about to see a relatively strong bout of volatility expansion?" That's what it is beginning to look like to me. The chart is the VIX. The formation is obvious. All opinions welcome, and I'm pretty fresh to EWT, so dumb it down for me if you must. Thx.
http://www.elitetrader.com/vb/attachment.php?s=&postid=2282309
More...

Quote from blnbr:

I think people here are mainly focusing on S&P 500 index and occasionally on Forex, oil and gold.
More...

Actually I do think they are related inversely. VIX goes up, stocks comes down.

I did make a few posts on the VIX before although not as often. But I do see where circadian is coming from, that there seems to be a completed wedge in the VIX. And given today's dip below 831 on the ES, I think he's on the right track too. :)
 
You must log in or register to reply here.
Back
Top