Ewj: elliott wave

[Mup]

Needs to clear that 1:1 quickly otherwise the bears will see a chance of new lows...

 

[Landis82]

Trying to snap back and hold.
8 minutes left!

 

[Landis82]

By the way, bullish sentiment has been "cratering" recently to levels not seen since the Bear Stearn's LOW in March.

36.3% Bulls
37.3% Bears

As of June 18th

http://www.schaeffersresearch.com/streetools/market_tools/inv_intel.aspx

 

[Mup]

Thanks Mike...

Speaking of Bullishness....

There is a case to say the larger LD 5th wave has finished & were now in the larger corrective wave (2 or B) back up...

18th also has some fib time hits ( its 21 trading days since the 19th May High for example)

15min ES Chart always helps...

Incorrect if it goes below that 1334.5 low during normal trading which begins at 9.30am ( Globex may dip below)

 

[Mup]

1:1 @ 1335.5 would make an ideal wave 2...

Count obvously incorrect below that low of 1334.5

15min ES....

 

[Mup]

Globex has a possable 5th wave of the ED...

120min

Again incorrect goes much below the 1333 area.... Then count will go on to and ED wave 3....

 

[Mup]

Globex 120min

The LD wave 5 has met its min target of dipping just below the wave 3...

 

[Mup]

My 15min scribble with the last chance salon point of 1328.5....

 

[ammo]

ytd chart of spu mrkt profile has a nip at 30,its on chart hub and it says es so with 2 point prem, its right there with your 28

 

[Mup]

Thanks ammo..

Quick scribble on the SPX chart...

If that ED 5 has now finished the natural target (over the next week or so) would be the start of the ED pattern which would mean the wave 4 high of 1366.5 area...

120min