Ewj: elliott wave

[mu200411]

The Aug-Sep down move is too short for a descending wedge.
1150 may be a good target .

 

[Mup]

1238.5 is the 38.2%
when that goes 50% becomes the next magnet

120min Globex

 

[Mup]

Bear's seeing a 1:1 into a 61.8% which sets up a larger 1:1

Need to overbalance -6.25 (1240.25) correction to get them fully incontrol & setting up the larger 1:1. If the bears fail on the busting the 1240.25 then the gap close is still on

5 min ES

 

[Mup]

Got the Gap close from the rebound of the lesser 50%

It stopped at the 61.&% (1256.5) on the Globex...Needs to clear that to rule out a move back down to test the lows...

120min Globex

 

[Mup]

CL is coming upto to the previous degree wave 2 low support and a 61.8% ext of "a"around $98.

Worth keping an eye on for a lesser wave 3 (of c) target zone..

daily CL# F

 

[ammo]

just lettin ya know someones paying attn, thanks,please keeep posting

 

[Mup]

Thanks ammo

 

[Mup]

I'd just watch out for this pattern in case they want a last half hour mark down after they've tried for the HOD (61.8%) stops... 1263 is the 1:1 above that rules out the pattern

 

[ed]

Mup,

Thanks for sharing your detailed analysis for the past few days. I appreciate!

 

[Mup]

Thanks ed