Ewj: elliott wave

[mu200411]

Prepare to open long position.

 

[mu200411]

Long position entered. Set stop at the last low.

 

[mu200411]

Long "Short position" closed.

 

[Mup]

120 ES scribble...

Any thoughts that yesterdays move down was a C wave ?? (c would also = 300% ext of a)

I'm sure most will be labling the move down of the FED as an A wave, but we like to think a little outside the box on this EW thread ..

 

[mu200411]

Long position stop out.

 

[mu200411]

Prepare to enter long position again.

 

[mu200411]

206, 23, 32 points down from today high with five waves down. Prepare to open long position set target at 100,10,20 points rebound then reverse position.

 

[mu200411]

Long position entered. Set stop at the last low. Try to re-enter long position if stop out. Set target at 150, 15, 30 points rebound then reverse position when there is a lower low.

 

[Mup]

As Mu point out Key area this 1483.5 MM* on the ES

Needs to hold for the Bulls and Break for the Bears

*a bar could "shadow" to the gap but the bulls need a bar close above the 1483.5 other wise the bears will drive it down.

 

[Mup]

Next degree MM's on the SPX are around the 1467 & 1465 with a 50% just below.