Ewj: elliott wave

Mup and anyone who cares to contribute, what are your thoughts on the attached chart? The blue lines in the upper left corner represent price extensions for the end of wave 5... 261.8% of 1 from 2, 161.8% of 1 from 4 extreme, etc. The red lines in the upper right are the .618 and .786 retracements of wave 2 - I. The triangle represents a possible ending diagonal.

Please post alternative counts!!!

Robert
 

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Still like a move to at least below yesterdays low....

1:1 is 966.5..

A dip below that swing low would be even better from a delta propective around 962.5 but the 1:1 will do for now ...:)

120min ES
 

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Elongated (c) would be even better as it would fit the delta better...

The old Beckman pattern gives an eyeball of 957 area (ES).. That 1:1 is still the first eyeball at 966.5 area , if that goes then 957 becomes odds on...(untill it does we have to work with a w-x-y)

See what you think
120min Globex
 

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There are two alternative counts for SPX :confused: .
We are in Wave 3)1.3:4 which may end around 966. Wave 3)1.5 may end around 1000 :) .
Or we are in Wave 3)2 which may end around 943. Wave 3)3 may end around 1060 :D .
 

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