Ewj: elliott wave

[mu200411]

NASDAQ fell to 4,292 then rebounded to 4,836 and fell again to 4,614.
These may be Wave IV)C1]1)-2)-3) or Wave V)I4)-I5]1)-2).
NASDAQ can go UP to 8,600-9,500 or fall DOWN to 1,150.
View attachment 156428

NASDAQ's rebound looks more like Wave 2)a-b-c than Wave 1)1-2-3-4-5 because wave 4 is overlapping wave 1. Wave 1)5 can be a wave-5-failure.
Wave 3) target is 4,080.

 

[mu200411]

Small "Big M"'s or Head and Shoulders pattern comfirmed.
Big "Big M" confirmation followed. Neck-lines turned into resistance levels.
The Waves to 1,867-1,993-1,903 may be Wave V)IV)E1]1)-2)-3) or Wave V)V)I4)-I5]1)-2).
SPX can go UP to 3,200 - 3400 or DOWN to 550.
Note: Decreasing Volume may indicate that these last waves are not part of Wave III).
View attachment 156430

SPX's rebound looks more like Wave 2)a-b-c than Wave 1)1-2-3-4-5 because wave 4 is overlapping wave 1. Wave 1)5 can be a wave-5-failure.
Wave 3) target is 1,770.

 

[mu200411]

Silver Wave IVc]5)5.4 rebounded as high as $18.5 but was still below Wave IVc]5)5.1 then fell again.
Wave IVc]5)5.5 target may be $13.7 or $12.1 .

Silver'low at $13.9 is near 7-year Head and Shoulders' target around $13.7.
Multiple measured move target is $12.1.
Silver's Bear Market may come to an end soon.

 

[mu200411]

Gold rose to $1307.80 then fell.
This may be Wave IVc]5)3.4 or complex corrective wave IVc]4).
Wave IVc]5)3.5 can go DOWN to $1080.
Wave IVc]5) can go DOWN to $960.

Gold went DOWN as 3 waves to $1,072 just below $1080 target, then rebounded to $1,169, which may be wave 4.
Wave 5 can go DOWN to $1,040 just below Wave III4]'s or 2/5/2010's low at $1,044.5.

 

[mu200411]

Crude Oil stays above long term support.
If this is Wave 3)5.4 the target may be $60.
If this is Wave V]IV)C4] the target may be $77.

Better late than never. Crude Oil went up to $52.48 the fell.
This may be a Running Correction of Wave 4).
Wave V]IV)C3]5) can go DOWN to $35.7 or $30.0 .

Crude Oil fell to $42.03 before rebounded to $62.58 just above $60 target, this may be Irregular Correction of Wave 4)c.
Wave 5)1 and 5)2 ended at $37.75 and $49.33.
Wave 5)3 and 5)5 targets may be $29.5 and $25.5/24.4 .

 

[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.

UTIL's Wave 1 ended at 565.35.
Irregular Wave 2 ended at 610.92.
Wave 3 fell to 539.96 below Wave 1 and may end at 525.

 

[mu200411]

The uploaded file is too large for the server to process.
TRAN fell beyond 7,700 to 7,452 and rebounded to 7,936.
This may be Wave IV)C1]1) and 2) which should be followed by 3), or
Wave IV)E1]1) and 2) which should be followed by 3), or
Wave V)I4] and I5] which should go to new high.

TRAN:
Cycle IV)C versus Cycle V)I.
2,500 in 2016 versus 15,000 in 2019.View attachment 156326

TRAN's Wave IV)C1]1)5 or IV)E1]1)5 or I4]c?
Wave 1] should have 5 sub-waves.
Wave 4] should have 3 sub-waves.
The UP move will be 1) if there is 5 sub-wave, 2) if there is 3 sub-wave.
Just wait and see.

 

[mu200411]

Crude Oil fell to $42.03 before rebounded to $62.58 just above $60 target, this may be Irregular Correction of Wave 4)c.
Wave 5)1 and 5)2 ended at $37.75 and $49.33.
Wave 5)3 and 5)5 targets may be $29.5 and $25.5/24.4 .

Crude Oil made lower low to $35.35 should be Wave 5)3 whose target is $29.5.
If there is a rebound from here a descending wedge may be forming and
Wave 5)5 target may be changed to $32.
If Wave 5)3 ends near $29.5, Wave 5)5 target would be $25.5/24.4.

 

[mu200411]

No move to 102. May be wrong count. Wave 3]5)5 ended at 100, a round number.
Wave 4] ended at 93.13.
Next may be Wave 5]1)3.1 to 100.66.

$USD : No higher high, but lower low to 92.62 = Wave 4]c).
Wave 5]1)3 ended at 100.51.
Wave 5]1)5 may end near 101.5 or 104.5.

 

[mu200411]

Gold went DOWN as 3 waves to $1,072 just below $1080 target, then rebounded to $1,169, which may be wave 4.
Wave 5 can go DOWN to $1,040 just below Wave III4]'s or 2/5/2010's low at $1,044.5.

Gold moved to higher high before going DOWN to $ 1,045.40 just above Wave III4]'s or 2/5/2010's low at $1,044.5.
After a rebound to near $1,104 Gold may fall to double measured move at $967.