Ewj: elliott wave

Given the very strong run-up since Friday, I would prefer to see a deeper retracement before it goes up any further. :)

So, here's another curveball bearish option --> a Flat?

Of course, ultimately, it is up to Mr Market to decide where he wants to go, however and whenever.... :)
 
From here the Market can go UP as 4)c or DOWN as 3)5.
Look for r-sHs confirmation as BUY signal :) and
supporting trendline break, down as SELL signal :( .
Sometimes the Market doesn't give a hint :D .
 

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Quote from Mup
Bolton , frost and Beckman were all keen fans of the Alternation of Highs or lows..

If one swing point is an irregular pattern the next should normal...

Alternation is by no means certain as Bolton pointed out, but it happens more often then not to be egnored..
See what you think on 15min ES
http://www.elitetrader.com/vb/attachment.php?s=&postid=2194475


Handy that EW :)

Gave the Afternoon price action and this mornings mark down @ lunch time yesterday ....:eek:

We could be in an elongated C wave pattern...
Incorrect above that 864.25 (ES) swing point...
 

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There appears to be a completing 5th wave down in the CBOE VIX. If so, then there should be a rebound. Correspondingly, stocks should drop. :)

See what you think :)

VIX 30min
 

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Quote from Mup:
We could be in an elongated C wave pattern...
Incorrect above that 864.25 (ES) swing point...

Would you turn bullish above ES 864.25? :D
 
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