Ewj: elliott wave

Landis nails the Low at 887 :cool: .
Symbol Last Change % Change High Low Volume Time
DJIA 8,413.52 +113.50 1.37 8,434.62 8,246.58 214,371,457 3:42 PM
NASDAQ 1,751.76 +20.68 1.19 1,754.90 1,714.48 1,828,494,255 3:42 PM
SP500 907.30 +14.24 1.59 909.45 887.60 n/a 3:42 PM


So it is a reverse Head and Shoulder :) .
After 5 waves UP and 3 waves DOWN there may be a measured move UP :confused: .
 

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Quote from ed:

Well done Landis! You should share your targets more often! :)
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It's not that big of a deal.
I've shared my use of the 10, 21, and 40 period MA's on several occasions here.

When price breaks the 10 ( while in an uptrend ) you can always count on the 21-day MA being "successfully" tested. :)
 
Quote from Landis82
Bingo!:D
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Pesky Fib MA's....:D

60min ES option seen as it couldn't close out that 907 area.. The (x) could morph into a larger pattern such as a double or Tri , but for now I'll scribble the easier version..:)
 

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Quote from ed:

Thanks Landis,

Will try to take note of that 10, 21 & 40 MA next time.... :)
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Same here, great call in a wild day. I got chewed on a bit today, was trading when I should have been reading:)
 
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