Ewj: elliott wave

[Mup]

Next larger ALt is the -37 around 812 area plus there's the 50% around 824..

 

[Landis82]

Quote from Mup:

Just popping in to say happy 牛 new year.

I'll raise a glass of mount gay

Nice to see you again, Sir.
Happy New Year!

 

[Mup]

Hi Mike, best wishes & I'll raise another glass for you sir...! )

Seems they liked that 50% @ 824 ... :eek: )

 

[ed]

Mu, Mup, blnbr, Landis, Elo

Happy Chinese New Year!

Gong Xi Fa Cai!

Hmmm..... enjoying my break as well.....

 

[Mup]

819 area is the 1:1

120min ES option
(ALt is it morphs into a pesky ED pattern)

 

[Mup]

That alternate ED count just in case it wants to mess around and waste time...

15min ES

 

[Landis82]

SPX continues to "float" higher.
Now nearly 850.

 

[Mup]

Have be mindful of this option as its stalled around its 88.6%...

Needs to close out it -6.75 1:1 inorder to swing the odds.. Even then it still needs to bust that last 13.25 Alt otherwise still in a mess of the wave iii of an ED

5min ES

 

[Landis82]

Futures climbing higher after the "Good Bank / Bad Bank" proposal out of the Obama Administration.

 

[Mup]

Morphed into a larger t W-X-Y pattern or triangle

As always I normally go with a w-x-y count before a triangle, but we have to be open to the idea that the Throw over into the gap this morning could be an e wave...

1st Y wave target would be around 872 , if it stalls at the Gap then the e wave become more of a possablity..

Put both options on the 15min ES...