Ewj: elliott wave

"B" waves have a habbit of draging their feet and using up the time element...

Just a quick scribble on what an idealised wave 4 should look like....:)
 

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The last upmove did not behave like the third subwave of third wave. So it may be Minute Wave 1.5 of Minor Wave 1 which will be somewhat shorter than expected but still in the range of Minor Waves 1 of Intermediate 1) and 3).
In this case the Market may go up for one or two weeks then fall back to Minute wave 1.4 in four weeks.

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.....i think i may have posted this before....
.... if we can't get past 61% .....

.... then this bullish M scenario also fits with Mup's 13 year triangle scenario
 

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Chart attached.
Quote from mu200411:

The last upmove did not behave like the third subwave of third wave. So it may be Minute Wave 1.5 of Minor Wave 1 which will be somewhat shorter than expected but still in the range of Minor Waves 1 of Intermediate 1) and 3).
In this case the Market may go up for one or two weeks then fall back to Minute wave 1.4 in four weeks.

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More...
 

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Status:
ST long position closed at the wave five failure, 1.5:1v or 1.5:1iii.v:v, and re-opened at the fifth wave count at wave :2á or iii.iv.
Strategy:
If Friday ended as :2â.ã Monday may see a fall to Friday low and the a rebound.
If Friday ended as iii.v:iii there may be another move up to the resistance trendline.
So sell when there is a lower low at the ends of those targets, :2â.ã and iii.v:iii
 

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Quick scribble on the 120min SPX..

ED pattern could be complete....There is a chance that we're still forming the V'th and could get one more push higher...

See what you think :)
 

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