Ewj: elliott wave

[elovemer]

5 waves up

 

[mu200411]

Friday's may be Wave 2]b) of a zigzag or triangular correction or
Wave 3]1)1.1:3 of new bull market.

 

[mu200411]

MA(50) became a resistance.
Wave 2]c) might have begun.

 

[mu200411]

VIX shows Elliott Wave Pattern .
There may be some more higher high in the VIX .

 

[mu200411]

SPX MA(200) shows strong support.
SPX MA(50) becomes resistance.
MACD curves up may be false signal.
RSI reaches 30% is bearish.
First RSI crosses 30% line UP may be a false signal.

 

[mu200411]

Looks like a-b-c and ascending wedge .
If yes, should fall soon .

 

[mu200411]

Gold $1243
Gold $1300 and $1400 are within reached .
Can USD/EUR go UP to 0.82 .

 

[mu200411]

Break out from the Ascending Wedge or Ending Diagonal = first SELL Signal .
The red lines are some more SELL Signals .

 

[ammo]

thanks mu

 

[mu200411]

Oops:eek: .
Wait and see if MA(200) will hold .