Ewj: elliott wave

Quote from ed:

Now it seems the original ABC flat option fits better. :)

See what you think :)
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Looking good in the ES. Seems to have completed the ABC downward correction.

Possibly a new high in the ES over the next couple of days.... :)

ESM9 30min
 

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This market has been getting sold hard every 15th trading day, since the 03/09 lows. 03/30, 04/20, 05/07...etc. Pretty solid pattern thus far. Looks like a big selloff (on a relative basis) is due around the ~27th.
 
If the last high is the end of Wave IVc]4) a lower below 896 will be a good SELL Signal :eek: .
If the last high is the end of Wave 3)3.3 a new high above 930 may be a good BUY Signal :confused: .
A higher high above 912 may be followed by a measured move of 15 points :) .
 

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On a broader time frame, the ES seems "stuck" in between being bullish and bearish.

Given yesterday's strong runup from 1.00pm ET, I'm a little tilted to the bullish side.

If 902.50 / 900.50 holds, then we could see a third or C wave up. Keep your eyes on the 911 and 915 levels as they could be strong resistance levels. Once we break above 911/915, then things turn decidedly bullish.

ESM9 60min :)

PS: Landis, saw your post but could not reply due to posting issues with ET. But it does seem like a full 5 runup. :)
 

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