Ewj: elliott wave

[Mup]

close to Mu's bear count ....

120min SPX

 

[Mup]

On CL #F there is an argument to be made that we completed 5 waves up into the wave (1) 161.8% @ 138.80...

However, the commods have a habbit of produceing the 5th wave as the longest. At the moment, going into that 161.8% ext , the wave (5) would be the shortest, so I need a little more evidence to not lable a 1,2 of the (5)..

 

[Mup]

Chart might help...

 

[Mup]

Longer term weekly Euro chart...

Bit more out side the box count on the weekly pattern... Its simlar pattern cable had last year...

Might help the with CL ?....

 

[elovemer]

.....possible bull M over 2 days if it can get down to 42 today....
70.7%, ... 61% .....needs 127% or 161% on last leg down ...

 

[mu200411]

Third wave down . Support broken :eek: . A long way to go.

 

[elovemer]

.... needs a 10:30 reversal .... to play
.... 161% also possible instead of 127%

Quote from elovemer:
.....possible bull M over 2 days if it can get down to 42 today....
70.7%, ... 61% .....needs 127% or 161% on last leg down ...

 

[mu200411]

It's really a long way to go.

 

[Mup]

Got down there elo...

Not far of those key 1:1 pointson the SPX....

 

[mu200411]

Expect a 50, 5, 5 points rebound around here , then a decisive down again.