Ewj: elliott wave

[mu200411]

SPX new high can be part of an Expanding Triangle like in the year 1973.
The peak was in March. Note the 3-3-3-3-3 pattern.
SPX is at 261.8% Fibonacci Advancement.
Wave 5) may be an Ascending Triangle or Ending Diagonal.

SPX: One or No more last push to new high around 2,150 or 2,180.

 

[mu200411]

INDU 2000-2016 wave may be like INDU 1966-1974 Expanding Triangle.
Note a Flat top like current SPX triangle.
INDU is just above Expanding Triangle upper borderline.
Wave IV]IV)Dc]5) may be an Ascending Triangle or Ending Diagonal.

INDU: One or No more last push to new high around 18,700 or 18,900.

 

[mu200411]

NASDAQ
Measured moved target 5,200.
2000 High target 5,132.52
Triangle Thrust target 5,050.

 

[mu200411]

SPX: One or No more last push to new high around 2,150 or 2,180.

Will SPX follow NASDAQ to 2,150 or 2,180?

 

[mu200411]

INDU: One or No more last push to new high around 18,700 or 18,900.

Will INDU follow NASDAQ to 18,700 or 18,900?

 

[mu200411]

TRAN: Break Out vs Break Down!
Note: Multiple "Big M" patterns.

 

[mu200411]

UTIL Triple Zigzag V]IV)B might have ended at 657.17 so a 13.6% fall to 567.55.
The rise from 2009 to 2014 can be counted as 5 waves though wave 3 is somewhat atypical.
Correct of this 5 waves may end near wave 4 at 467.93 or a 27.27% correction.
Supports are at 555.71 and 524.82.

UTIL rebounded from 565.63 near 555.71 support.
5 waves DOWN, 5 waves UP 3 waves DOWN.
There may be another 5 waves UP to 612 or 625.

 

[mu200411]

$USD passed 99 target and moved on to 100.06.
This may be Wave 3]5)5.3.
After Wave .4 ends, Wave 3]5)5.5 may reached 61.8% Fibonacci Retracement target at 102.

$USD Wave .4 might end near 96 and then Wave .5 might rebound to 102.

 

[mu200411]

USD/JPY broke previous top at 121.850 and went up to 122.025.
This may be Wave 3]3)5.3.
Wave 3]3)5.5 might end near measured moves at 124, 127.5 or 129.3.

USD/JPY Wave .4 dropped below Wave .1, Wave .3 might have to be change to Wave .5 or Wave .1.
Note: "Big M" pattern.

 

[mu200411]

TRAN: Break Out vs Break Down!
Note: Multiple "Big M" patterns.

TRAN breakdown confirms the last "Big M" pattern.
The tentative previous "Big M" may be confirmed soon.
Note: Quintuple Tops.