Ewj: elliott wave

Next higher high will confirm the Big Fractals r-sHs :) .
Put 5)4.a at the red .a gives a more meaningful Fibonacci ratios :D .
First target at measured move = 7460, 786, 1464
Second target at Wave 5)3.4 = 7609, 797, 1484
 

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Quote from mu200411:

Next higher high will confirm the Big Fractals r-sHs :) .

Put 5)4.a at the red .a gives a more meaningful Fibonacci ratios :D .

First target at measured move = 7460, 786, 1464
More...

Yep, Mu.
Market has to stay below that 7466 subdivide for the Bear camp. Wells Fargo (WFC) and JP Morgan (JPM) leading the way today for the Bulls.
 
Quote from Mup:

You've already got one great source, Mu's thread .. :)

I know its over 950 pages now but its worth wading slowly though....

Are you new to Elliott Wave based price action or do you have basic's covered...?
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New to elliot wave based. I've been sifting through your thread-excellent work here.
 
That 1:1 is important as it still keeps a triangle or larger 7 wave w-x-y in play...

However if it lets go then the bears will indeed crack the whip....

15min ES
 

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We are coming right down to the uptrend line in the SPX off of Monday's low. Currently around this 763-ish area.

If we don't break 761.58, this might just give the Bulls some confidence for one more (a)-(b)-(c) up to complete Wave 4.

In the meantime, Bears will be heartened by minor resistance at the 770 level.
 
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