Ewj: elliott wave

Quote from Landis82:

Looks like we now have 5 down from the 92.40 SPY high at 2:51PM EST.

5=1 at 90.31
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The 1 min SPY chart seems to be forming a 3-3 correction pattern.... may be a flat or triangle?
 
Quote from ed:

The 1 min SPY chart seems to be forming a 3-3 correction pattern.... may be a flat or triangle?
More...

Very possible Ed.

I'm watching several stocks trading right now and the VOLUME is a total joke.

These stocks ( and indices ) are being pushed around on absolutely nothing . . . The pace has certainly picked-up in the afternoon, but it doesn't take much to push this market lower with no "bids" heading into tomorrow's jobs report.

SPY just traded 90.21
 
Got the new low :)

Could very well be messing about in an Exp Flat with this new low the "b" wave..

Would perfer the 61.8% to be hit at 895 but we see how it goes...
 
Quote from 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...
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If one time frame isn't clear, on whether or not an ALT was busted , it helps to step up a time frame... :wink:

Thanks elo, Mike & ed.... !

Enjoyed today myself :D

Got to 897 so not far off that 895....

30min ES
 

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Yesterday low = 900.55 Bravo! for Landis :D :cool: .
This may be part of the Wave .d:b rebound, going UP to 9250, 958, 1710 :) .
Next will be Wave .d:c with a measured move DOWN to 8400, 850, 1550 :eek: , where there will be a triple bottom :confused: .

Quote from Landis82:

900.00 ES = .618
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waste time in a larger (b) wave kinda day ?

Needs to clear that 1:1 @ 917 to confirm its bias up in a lesser "c" wave of that larger (b)...

240min Globex
 

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