Ewj: elliott wave

Quote from elovemer
so i am just asking... if we finish C at 1398.75 .... can we move up from there on iii ?
thanks again
More...

Yes we can is the simple answer :D

Although there's 3 or 4 vaild counts in play at the moment on the main SPX Index, the ED is just one possablity that we carn't yet rule out :)

I'll get round to mapping a chart out with the a few other counts vaild counts on to keep our options open..

As always we EW'ers have no bias, we just go where the waves take us ..:D :D
 
Update Microwave iii.iii chart.

Status.
Short position still opened, because there is no higher high at target of 300-350, 30-35, 60-70.

Scenario 1.
Futures point to a lower start.
Strategy 1.
Keep short position. Same target.

Scenario 2.
Futures point to a higher start.
Strategy 2.
Close short position at open.
 

Attachments

Last close = 13300.0195, 1475.62, 2748.3201
Target = 13160.3907, 1458.52, 2735.8699
Points to target = 139.6288, 17.1, 12.4502
Very near. :cool:
Dow future points to overshoot of target. May extend target of wave iii to 1.618 time wave i at
12845.82271, 1420.3585, 2680.497038.
Too low!:eek:
USD/JPY and stock down together = unwinding?
 
BHP bid reverse -281 Dow future!:eek: to +22 = 300!!!:confused:

But the wave count is five wave, a rebound should be expected.

Close short position, look for another short opportunity.

Edited.
Strategy 2.
 
Bears will be looking towards a this :)

Yesterdays 5 wave move into the close as a wave i of C

Be aware that we could get an Exp flat as the wave ii over 123.6% will kill that option..:)
 

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