Ewj: elliott wave

SPX turns up on the daily slow stochastic and the index closes well above the 10 day MA at 894.

Both the 21 and 40 day MA's are coming in overhead right at today's 901.05 close.

Need follow through tomorrow to confirm the beginning of the next advance up!

:)
 
Could back off a bit today in a small "iv" before rallying again . . . looks like those 21 and 40 day MA's coming in at yesterday's close are offering the SPX a bit of resistance here this morning.

Crude at $61.00 +$1.31
Big jump in PPI.

:)
 
You've all been doing a good job on here :)

I'm still on vacation after being ill for a while, but I'll try and post the odd scribble :D

OIH behaved itself at the $115 target :)))

Thanks for all the PM's btw...:
 
Quote from Landis82:

[Could back off a bit today in a small "iv" before rallying again . . .
More...
:)
Those pesky alts....
120min Globex
(incorrect close below 892 as it will mean the 5th wave was this morning..)
 

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Nice to see you back again Mup!
Hope you are in good spirits my friend.

Yes, looks like we got a smalll "iv" pullback this morning down to SPX 896.50

Could have gone as low as previous 4th wave support at 894.50 and 892.00, but didn't.

:)
 
Thanks Mike :)

Time out in BGI always helps :D

Bit more out side the box count on the Globex.....
(leading diag)
See what you think :)

360min Globlex
 

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