I warned about the possibility of trending price action and a reverse during the same day. Examining the move down off the open, it appears that...
The overnight session hasn't shown its card but we will be relying on the wave count to provide our directional bias which remains down. On...
The Market spent most of the week falling in an impulsive manner but it doesn't appear that we have a completed wave 1 down from 2 (blue). At the...
Last night I gave the game plan for today's trade. Price almost reached the target of 1091.25 then headed south. I've noticed that this has...
Looking at the 15 minute chart, I've shown a zig-zag set up where wave a = wave c at 1091. 25. The pattern should be as symmetrical in slope as...
That's exactly what we got. Here's what I'm looking for wave (iv). I expect that price will retrace to .382 in an impulsive manner, counting 5...
First up - I made a typo last night. Regarding " Ending diagonals make quick retracements to the origin of the pattern which is 1105.5" The level...
I had been calling for a possible move beyond the June peak. It didn't happen. Yesterdays and today's strong selling pressure , the subsequent...
Correction: Key support was 1108.25. For today, the market is at a key juncture from an Elliotticion's point of view. The ON is trading heavy...
Price came within 2.5 points of the inital target of 1129.75. It remains to be seen if a new recovery high can be struck or if wave 2(blue) has...
Here are the additional EW Fib levels and color codes created from the intraday 60 minute chart. Red- wave c =.618 wave a @ 1129.5 Green-...
final daily chart
Sorry, here's the charts in the next two posts
Turning our attention to the daily chart level, I am currently working two scenarios ( a double 3: W-X-Y) and ( an expanding flat with a wave C...
The market finished the week on another low volume affair. When we last spoke, I was looking at what appeared to be a triangle forming on the...
The ON session tested 1127.75 and failed. The June high was 1129.5 on the continuous contract. Jobless claims jumped by 2,000 and the market sold...
Tomorrow may bring a break above 1127.5 that increases the odds of alternate counts playing out. Rather than to recreate a lenghtly blog post, you...
This is my current view of the market as well as the anticipated direction moving forward.The Alternate labeling is below. Don't know if either...
My reasoning for the discussion board is that I have personally found EWT to be useful. For example, I am a Fib trader and EWT fits quite nicely...
Hello Traders, I am new to the forum and wish to start a dialog within this thread for Position Trading the E-mini S&P. For the purpose of...
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