Ewj: elliott wave

[Mup]

Quote from Mup

That abc worked well....
Gives the usual (c) wave ratio;s to aim for...
http://www.elitetrader.com/vb/attachment.php?s=&postid=2433686
120min Globex

Looking better

T1 is around 927 ...

120min Globex

 

[mu200411]

So there is wave five but this may be a wave five failure .
Or it may be wave .1-.2-:1-:2 and we are in Wave 3)5.3:2 .
This should send SPX to above 930 to as high as 1000 :eek: .
So don't fade this new high .

 

[Mup]

Quote from Mup

... Needs to trade above $1.57 on the bigger frame...
http://www.elitetrader.com/vb/newreply.php?s=&action=newreply&postid=2433699
240Min GBP #F

Got there

Getting near its first Target of the 223.6% ext & lesser 200% ext around 157.25 area ...

240min GBP

 

[Mup]

Hmm the moment bots have gone neutral from +ve bias....

Below 913 gets this more of a lead option....

60min ES

 

[Landis82]

Wow!
That was one helluva retracement.
DAMN.

 

[Mup]

It was .... :eek:

Last chance saloon for the bulls at the 1:1... if it breaks below , then the bears are fully incontrol as it will be impulsing price action..

5min ES

 

[ed]

The previous red scenario still seems possible...

If ~911 holds, then there is still a glimmer of hope for a 5th wave extension, maybe even ED (sorry Landis, I know I said this many times but well.... Mr Market is mischievous....)

If 911 doesn't hold, then the purple 50% and 62% would be crucial.....

SPX 60min

PS: Early finish for me...

 

[mu200411]

Five waves DOWN. Looks impulsive :eek: .
Wave five failure ?

 

[blnbr]

SPY daily volume has been light on the way up lately, the bulls don't seem to be making a very strong commitment

 

[Illum]

Quote from blnbr:

SPY daily volume has been light on the way up lately, the bulls don't seem to be making a very strong commitment

Well lord knows Im looking for any excuse to start to look for a short. Im waiting on wave 3 a longer term chart. But Crude and X are very strong and have been for days. Choppy mess, 2 mean reversals in 2 days on the bulls. But the right things are working for the bulls still in the chop.