Ewj: elliott wave

Yesterday resistance trendline crossing, UP, was a good Buy signal as expected :) .
Today -500, -60, -100 DOWN then , may be tomorrow, +250, +30, +50 UP will complete the Triangular Correction :D .
 
Stopped on it 61.8% never the best sign for the bulls as 61.8%'s always favour a corrective wave...

930 area is the -62.25 ALT

120min Globex
 

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W-X-Y option incase it wants to be awkward and have one more final "c" wave up.

Move above the 993 will bring this to the lead count option...

Would perfer the simple count into that 61.8% but we may as well be aware of the w-x-y

240min
 

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Mup,

I thought in a ABCDE triangle, that the C wave would usually be 0.618 of the A wave and not the B wave?:confused: :)

In any case, the drop on market open seems like a bear trap to me with the very thin volume.

I am expecting a little more upmove till about 99.81 in the SPY....:)
 

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Mup,

Not referring to any specific ones, but in general.....:)

Also, I noticed some of us have been talking about the ES whereas I've been looking at the SPX / SPY..... could be some confusion there....

In any case, I thought it looks like a triangle forming in the 60min SPY chart I attached earlier?
:)
 
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