Ewj: elliott wave

[ed]

Head and shoulders...?

ESM9 60min

 

[Landis82]

Mr. Market needs to stop right here if we are to keep that right "shoulder" intact.

 

[ed]

Here's why I think the market is moody....

Many are expecting the markets to fall after such a long climb since March 6th. Mr Vix seems to want to fall too but only one can drop at any one time.....

VIX 30min

PS: If this climbs any higher, I am thinking a large scale ED wave may be on the cards to bring us above the last high of 872.....

 

[Mup]

Seems they needed to "swab the order deck" around the OP just above the 38.2 .....

Needs to fall pretty swiftly....Otherwise somethings up for the bears...

 

[mu200411]

Because of the five wave UP with new low, it should be counted as a running correction .
10 points and nine waves UP = five waves UP .
There may be another 10 points five waves UP .

 

[mu200411]

UP move looks impulsive. DOWN move looks corrective .
May be a Double Zigzag.
There may be a measured move UP .

 

[Landis82]

New HIGHS.
Well done!

 

[ed]

Ok..... now the ES is moving into treacherous, evil, !@#$%^&* territory.....

Just making a guess here.... could top out around 848~852

esm9 10min

 

[ed]

Here's a rough sketch of the large scale ED finish I highlighted just now.....

If the drop in the ES holds at 839 or 837, then look out for a huge jump up!

SPX 60min

 

[Landis82]

Would this be the FINAL "ED", ed?