Ewj: elliott wave

[ed]

Thanks Elo for the alt!

 

[Mup]

Quote from Mup
The +17.5 Alt is the main one i'm keeping an eye on for the first sign of any change in degree...

If it holds its Alts then it means nothing changes for the bears.....

15 Min ES

Needs to close out that 918 area... otherwise its business as usual for the bears...

 

[mu200411]

A rebound at last. Five waves UP, expect another measured move five waves UP to 8880, 925, 1640 .

 

[Mup]

That 15min ES chart from before....

Updated

 

[elovemer]

.....thanks for reality check mup... :0)
.....your experience talks

Quote from Mup:
otherwise its business as usual for the bears...

 

[elovemer]

...new channel edited for that last pivot...
...same slope as the down channel

...edit....921 is measured...didn't make it

 

[elovemer]

...don't know how you saw that mu.... but great great call
.....all i saw was wave 3 equal wave 5
...edit ... alt at 909.75 on the up move
...edit....broken alt...on the upmove
....902.25 .... 88.6%
.....wave 1 = wave 5 is 898 on this last down move

Quote from mu200411:
We are at fifth of fifth of fifth Wave.
Expect a rebound withing 10 minutes .
(Wave FIVE can extend ad infinitum :eek: )

 

[Landis82]

Good work guys!
One hour left in the session.

SPY just held the .618 retracement of the "bounce" at 91.47

 

[Mup]

Just have to watch out around these ALTs when bars are closing out...

On the 15min It just closed above, right on the death of the bar ....When that happens its normally a hunt the stop/limit's run, so its still could have a run back down...

 

[Landis82]

Right again Mup!

Ooops!
Spoke too soon.