Ewj: elliott wave

[ed]

I think we're stuck in a b wave down now... .waiting for c

 

[Mup]

A look at the bigger picture...

I've not posted this for a while my favoured triple 3 waterfall pattern. Not to scale just to give the general idea..

For all for all intents and purposes its the same as saying were in a wave 4 which people understand better... Just put 1, 2, 3 4 instead of (w)-(x)-(y)-(x-x).


Daily SPX

 

[elovemer]

....last ALT to watch on one minute

 

[Mup]

The ALT's i'm keeping an eye on are the -17.25 & the larger -38...

5min ES

 

[ed]

On the 10min SPX, it seems like a flat correction is taking shape since about 10.30am ET.

It looks like a very sluggish "b" wave climb before a "c" wave drop......

 

[Mup]

Chart of Goldman Sachs.

Always a popular stock, Buffet may want to off load some if it gets back into the $120-30's...

Daily GS

 

[elovemer]

88.6% does not fit the equation

 

[Mup]

The 161.8% ext is around 958.5 on the ES would fit a w3 target..

Looks like elo has a 127.2% around there also on his chart...

5min ES

 

[elovemer]

...updated channel

....just like yesterday...things changed at 12 noon
...edit...gap now closed during trading hours

 

[mu200411]

Third Buy signal for today .
Looking forward to the Measured Move and Flat Correction target .