Ewj: elliott wave

[elovemer]

866.75 .... last smaller alt.... to go up
....holding

 

[mu200411]

Five waves UP as expected and a r-sHs pattern waited to be confirmed .

 

[mu200411]

r-sHs confirmed .

 

[elovemer]

....now 873.75 is last alt.... needs to get above that
...edit....895 measured

 

[Landis82]

Quote from elovemer:

....now 873.75 is last alt.... needs to get above that
...edit....895 measured

Yep.
Been a lot of "chop-chop, fizz-fizz" today.

 

[elovemer]

....talk about killing some time

 

[Landis82]

Yet another sell program at 7 minutes before the close . . .

 

[Landis82]

Anyone care to offer a current "count" on the SPX?

 

[ed]

Quote from Landis82:

Anyone care to offer a current "count" on the SPX?

Landis,
My simple count of the SPX places us somewhere in wave 4 or wave 5.....

I believe the key question is whether wave 4 is complete. If it is not, then there is a chance of a flat or triangle forming.

If wave 4 is complete, then we are in wave 5 now. And looking at the SPX daily, it does seem the odds of a ED wave 5 are pretty high....

How do you like the chart in chart?

SPX weekly
SPX daily

 

[elovemer]

...perfect....again...