Ewj: elliott wave

A chart of that 1:1 measured move...
870-873.5 has 1;1's on both the day session ES /Globex & the 50%.... so its an interesting tarffic light area
30min ES
 

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Looks like 5-waves up in the SPY to 87.59
And 5=1
:)

P.S. There is an expectation in the market place for the FED to mention "buying Treasuries" in their FOMC announcement in 15 minutes.

If they don't say anything about that, look for a sharp, negative reaction.
:eek:
 
Through that Traffic light area it seems so 881 is next eyeball...

edit
Hmm... that 876 was a lesser 161.8 ext normally the 881 would be a far more soild pressure point.. but if it over balances (closes out) -8.50 last ALt then its changing degree from that 876 and 864 is the next higher alt
 
Thanks Mup and Landis! :)

Saw some interesting fibs which I've drawn into the SPX daily.

Two possible areas to look out for direction change could be the ~881 and the ~905 regions... :)

If it goes above these two targets, then I'll have to wait for a throwover to say goodnite irene....

SPX daily
 

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a-b-c on the globex gives 850 then 846 as first eyeball targets...

Yesterday Had a lot of fib time hits which could fit a delta point..(not in the office to check the delta screen)

120min ES
 

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