Ewj: elliott wave

[mu200411]

Status:
Hold Short positions.
Scenario 1.
Up
Strategy 1.
Cover short.
Scenario 2.
Down.
Strategy 2.
Cover short "Short position" at measured move.

 

[mu200411]

Target reached. Wait for higher high.

 

[mu200411]

Going down as Subminuette 4)c.5:3v?
Wait for measured move to close short "Short position".

 

[mu200411]

Subminuette 4)c.5:3iv ended?
Wait for wave count to complete.
SPX chart.

 

[Mup]

Could well be in another X wave as part of a double or tripple 3 pattern..

So it could go higher this afternoon...The counts incorrect below 1464 and it means were still in the Y (ES)

A 5min scribble on the ES

 

[Landis82]

And yet another A-B-C down of 5 handles and a "measured-move" to 1465.50

 

[mu200411]

The Elliott Wave counts and TA still have some merit as the charts show.
Will the Market go down to the level of left shoulder to form the right shoulder of a future reversed sHs pattern?

 

[Mup]

That X-X wave is still in play from yesterdays chart.

The lesser B wave was deep so that means some form of flat patten for the lesser C...

I like your Inv H&S chart Mu, hinting at higher prices once this double 2 or 3 pattern is complete going into the FED next week.

 

[mu200411]

Status.
Hold long "Short position". Short "Short position" closed when measured move was reached the second time.
Scenario 1.
The Market rebounds as Minute 5)1.3
Strategy 2.
Open long position. Prepare to close long "Short position".

 

[mu200411]

Scenario 2.
Subminuette 4)c.5:1iii is ending. The Market rebounds as Subminuette 4)c.5:1iv then fall as Subminuette 4)c.5:1v.
Strategy 2.
Open long position for a target of 60, 10, 20 points. Prepare to re-enter short "Short position".