Ewj: elliott wave

[Mup]

Usual supects on the way back up....

240min Globex

 

[Landis82]

Coal and oil service issues surging right out of the gate. April Crude is +2.40

 

[Mup]

Completed Flat pattern ? ( b wave or 4) Now for a C or 5....

30min ES

 

[Landis82]

SPX poked its head above 711 and then fell back in a 5 point measured-move ABC.

 

[ed]

Seems a little like a double zigzag to me in the SPX...

Strange though 'cos I rarely see this on a wave 4, unless of course, it is not a wave 4.....

SPX 15min

Edit:
1.618 of A @ 721.43

 

[Landis82]

Just printed 713.35 SPX

 

[mu200411]

Ending Diagonal confirmed. This may be a Bull Trap :eek: .
The last UP move looks corrective.
The three red lines are the triggers for Sell Signals.

 

[Mup]

Could miss a final high of an ED pattern if, as ed points out its a w-x-y pattern... (double flat in old school due to the ratio's being 50 % or greater on the lesser corrective waves except the x)

Same chart from this morning , its wanted to waste a little more time.... :eek:

 

[Mup]

If she doesn't roll over quickly then we carn't rule out another leg up as we had a reasonable short term double drive 1:1 low yesterday..

Hopefully she'll roll, but its a pesky delta inversion day so I can't rule this mischeif out.....

15min ES.....

 

[ed]

Quote from Mup:

If she doesn't roll over quickly then we carn't rule out another leg up as we had a reasonable short term double drive 1:1 low yesterday..

Hopefully she'll roll, but its a pesky delta inversion day so I can't rule this mischeif out.....

15min ES.....

Any chance you would rule this out as a corrective pattern?

SPX 30min