Ewj: elliott wave

[Mup]

Might of been a little worse for wear yesterday Mike

Just had a quick look on Globex and that 1275 area is Key. Its a 1:1 Alt into a 61.8%

If it carn't clear that , then the bears are still incontrol and its new lows....

 

[mu200411]

Bad sign .
The Market failed at the pivotal point :eek: .

 

[Landis82]

Just got within 60 cents or so of the 61.8% retracement on SPX.

 

[ed]

Does anyone see a ED fifth wave in the 5 min SPY?

 

[QuangViet]

hi all,

on intraday i have down chanel wxyxxz, which give target to 1230-35 again for ES, that why i when short @ 1263

S & P 500 >>>

 

[Landis82]

Could very well see yet another small "shoe" to drop with a measured-move of 13.50 points ( subtracted from today's high of 1263.90 ) to give a downside projection of:

1250.40 SPX

NOTE: The 13.50 points comes from the initial drop off of Thursday's highs at 1284.93 down to 1271.42

 

[ammo]

Quote from QuangViet:

hi all,

on intraday i have down chanel wxyxxz, which give target to 1230-35 again for ES, that why i when short @ 1263

S & P 500 >>>

on your chart the least traded area or gap to fill is 62-72

 

[QuangViet]

ammo,

it was only regular trading hours 9:30 am to 4 pm

 

[ammo]

thats all i look at because ah volu is so thin

 

[Landis82]

SPY in an A-B-C-D-E across the page today and now trying to break out on the upside heading into the close!