Ewj: elliott wave

Keen bulls with bit of short covering are making a last stand at -23 ALT at 871

It would be a more unsual EW pattern if it holds but one never rules out anything...

Delta hints at the b wave count though...

Edit
elo already posted it :)
 
On the day session chart, the more aggressive count could say that the iv is already complete...

If the price goes below the 850 area than the odds move greatly into the more aggressive count..

60min ES
 

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Quote from Mup:

Looking better :)
50% which would be better is at 859.....
More...

Got there :D

Looks like it clearly wants lower so next is the 61.8 @ 851 ...below that we can step up a degree from b to the wave v and we should get the sharp final move to new lows...
 
Well , well, well :D

Not techincal at all these markets.....!!

Handy that EW when it keeps us on the right side of the market for both the morning trade & then the afternoon one ..:)

Hope people enjoyed today.....
 

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158 calendar days from May 19th, 2008 = Oct. 24th.

However, 158 is not a fib number.

And Oct. 28th has a much better fib time sequence ( 162 calendar days from the May 19th, 2008 Wave-B High of 1440 ).

Plus, Oct. 28th is exactly a fib 55 WEEKS from SPX 1576 all-time high from Oct. 11, 2007.

Got it.

Targets anyone for Wave 5 objective?
 
Thanks Mike :D

Targets are always at least 123.6% ext of the last swing up lengths.

So 808.75 should be the first line eyeball on the Globex

Always have to be on guard that were not counting to fast though......
 
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