Ewj: elliott wave

DOWN move should end here if Mr.Market would like to go UP, because Wave :3ii is about half of Wave :2 :) .
There are support from gaps, tops and bottoms :D .
If Wave :3ii is equal to Wave :2 it may turn out to be Wave :2.c and can make a lower low :eek: .
Has Mup recovered from his illness :confused: ?
 

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Yes Mu, I think the wave4 downmove has completed too.

I'm leaning more on the ED count to complete the ed 5th now... :)
 
Some resistance to lookout for in the SPX:
825.12
827.54
829.04

For the ES, I'm looking out for resistance at about 825~826. Bull above bear below :)
 
"W" pattern if confirmed, the chance for Wave :3iii will be more likely :D .
Five and four overlapping waves of same sizes give the impression of a corrective wave DOWN :D .
 

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Quote from ed:

SPX needs to snap out of the channel and decide to get somewhere..... perhaps next week? :D

SPX 60min

Haven't you guys noticed that whenever the market wastes time like this, Mup always takes a vacation? :)
More...

Volatility is collapsing ahead of the Passover / Easter Holiday.
 
Quote from ed:

Some resistance to lookout for in the SPX:
825.12
827.54
829.04

For the ES, I'm looking out for resistance at about 825~826. Bull above bear below :)
More...

SPX 828.42
ES 825.25

Not too bad.... :D
 
Can't keep a GOOD MARKET down.

The sell off stops on a dime at 3:12PM at 81.60 SPY and rallies all the way back to 825 SPX at the close.

:)
 
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