Ewj: elliott wave

[Landis82]

We just stopped at 979 SPX.
Any significance at this price level, Mup?

 

[Mup]

There's 127.2% ext and 110* points ( double fib) up around that 979 SPX level... Not an obvious trend changer but we'll keep an eye on the lesser ALts just in case with all that time pressure today...

*110 is 55's double
Dollar's also found a bid....

5 min ES

 

[Mup]

Busted that ALt so I'm tempted to go 1,2 of the high into a retrace fib 61.8 to 88.6 would be ideal....

Incorrect above the high.....

 

[Mup]

Same with BTU with a Dollar bid in the Market....


Again incorrect above the last high

 

[Landis82]

You read my MIND Mup!!!
Thanks.

 

[Mup]

Its s#!^ or get of the can time on the DT.....


5min ES

 

[Mup]

BTU might go some where now in the last 15mins or so... having done a 7 wave (2)....

5min

 

[Mup]

Quote from Mup:
Its s#!^ or get of the can time on the DT.....

Looking better...

Just need to ammend the count due to it going thought the DT by 1 tick....

 

[Landis82]

Quote from Mup:

Looking better...

A pretty WILD DAY for the TRILOGY, eh?

 

[Mup]

Sold off some more on the ES

It was a powerful trilogy day ...

We got the high we were after last night & more besides....

Speaking of that time pressure, we've rode the price rail right upto the higher line of the possable expanding triangle wave (4)

Daily SPX