Ewj: elliott wave

Fifth wave on the up move. A good sign of the Bulls. :)
But there may some resistance at measured move +200, +20, +40 points from today low. :(
 
....my typical target for falling wedges is 61-78 percent.....
.... we have reached 50% now ..... if we can reach 1450 then we will have reached 61% .....

Quote from elovemer:
.... here is yer freaking fallingwedge....
.... need to make a higher low first....
 

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possible 1454 abcd target on spx
..... gann projection
es 1253 .... 2.5 ... 1436
es 1253 .....2.75 ... 1455
..... 1455 gann confirms abcd projection
 

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On a side note...

CAT had 3 knocks at a 61.8% @83.60 area...Which tends to favour some kind of B wave??

78.70 area would be the natural MM target for the C....

incorrect above 83.65....

120min CAT.. :)
 

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The Market rebounded from Mup's target (1396.5-7) :cool: and met resistance near +200, +20, +40 points as said.
Now Reverse Head and Shoulders pattern is almost complete. There may be a turn around soon. :)
Quote from mu200411:05-07-08 12:50 AM

Fifth wave on the up move. A good sign of the Bulls. :)
But there may some resistance at measured move +200, +20, +40 points from today low. :(
More...
 
It is a descending wedge or Ending Diagonal Triangle, isn't it?
If it is, this should be a buying opportunity, :) when there is a higher high.
If not :( wait some more and re-count.
 
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