Ewj: elliott wave

Not sure if my charts are playing a prank on me, but it does seem like both the SPX and SPY 15min charts are showing semblance of a 3-3-5 flat with us being in the c wave now...

Anybody seeing this? :confused:
 
Overbalanced its ALts so things are changing ...On the lesser degree... On the bigger fame 840 (ES) is the big Alt that needs to be busted before any major degree change takes place...

Great call on the bounce Mike :cool:
 
...new possible upward channel which could take us to upper channel line on 30 min..
.... by the way ... i didn't see anyone post about a possible finish to wave 5 .....with this mini crash
.....just a possibility.... but confirmation would be a take off upward which does not look likely.....
....and i mean a take off beyond just today
...edit.... weekly spy could still close above 79.38
...edit... will have to redraw that channel :0)
 

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Very interesting day . . . with tons of capitulation in the Treasury market yesterday. Hmmmm . . .

Double bottom intra-day on the SPX at 741.02 and then 743.03 at 2:20PM Eastern.

Got some room to run???
:cool:
 
Quote from elovemer:

...what do you blokes think of this count... on the daily spy ?
More...

Yep.
That was the count that I was looking at and which gave me an SPX target of 732 given that 1.618 x 170 (wave 1) = 275

1007 - 275 = 732
 
popluar count that elo,

time wise I'd like the 5 to 12th of december window for an "a" wave low..

So it a little to soon for me at the moment ...
 
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