Ewj: elliott wave

Just traded a touch under the 1351.50 fib level ( 1350.62 ).

Could get a bounce out of here, especially with oil tanking into the NYMEX close, off $4.25

If not, 1337 gives you the 67 SPX point "measured-move" down off the 1404 high from June 5th.
 
Status:
Reversed ST long position at fifth wave and reversed again at Landis' 1351 target as said.
Now hold LT short position and ST long position.
Strategy:
The Market is in a down trend until proved otherwise. But there may rebounds along the way to make some trades.
Plan to reverse ST long position at wave four.
 

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We've got an important time pressure due at the moment...

Its a Fib trilogy....This is when the 3 Fibs "line up" in natural order, in this case 21,34,55...

Delta points like Trilogy's so They are always worth keeping an eye on.... :)

Daily SPX with the Time hits....
 

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