Ewj: elliott wave

[Mup]

Just a scribble idea....Triangle...?

5min ES

 

[Mup]

61.8% to 78.6% is normally the line in the sand ammo

 

[mu200411]

The fifth wave of fifth wave now. Some rebound soon.

 

[Landis82]

Quote from Mup:

I'm still slightly more in the short term bull camp unless that 1368 gets busted (ES)... Mu's bullishness must be rubbing off

1368 (ES) is the last Inter delta point, so if we go below that then clearly the higher Medium frame has come in slightly early.

When MTD points come in early. it means an even higher frame (LTD) has come in as well...

ED C wave count on the Globex 120min..

I could see a downward bias until some support coming in a bit lower and then yet another thrust back up ( over SPX 1430 ) that gets EVERYONE bullish!

Penetration of 1388.70 SPX now gets me 1383.95 - 1381.90 over the very short-term.

 

[ammo]

Quote from Mup:

61.8% to 78.6% is normally the line in the sand ammo

thanks mup

 

[Landis82]

Mupster,

Time for a new DAILY "USO" Chart analysis!

 

[Mup]

The more conservative Daily USO count...

We do get some time pressure coming in early next week that could fit the lesser wave 3 high, unless it wants to extend..

 

[Mup]

The weekly chart of USO helps with prospective.....

 

[elovemer]

..... not a bad result... eh ?

... 61% target hit

Quote from elovemer:
XLF ....

 

[Landis82]

Thanks Mup!