Ewj: elliott wave

INDU's and SPX's wave 5 at multiple measured moves.
May revert to means soon.
Note: Progressively lower volumes.

 

Wave 5 at multiple measured moves are good warning signs.
INDU, SPX, NASDAQ, TRAN, UTIL all fell a little bit.
Head and Shoulders patterns in INDU, SPX and UTIL.
Big "M" patterns in INDU, NASDAQ and TRAN.
RSI and MACD SELL Signals in all indices.
Divergences between prices and MACDs.
The question is "Now is the end of a small correction or the beginning of a bigger correction".

Edit: See chart below.

 

$XEU continued UP to target at 1.34 then reverted to mean, MA(50), as expected.
$USD DOWN beyond target to 81 the reverted to mean, MA(50), as expected.
Gold may go UP to measured move. Resistance at $1375, $1425 and $1480.
Silver Resistance at $22 and $23.
Crude Oil rebounded. But there is a "Big M" pattern.

 

Stock Indices fell as SELL Signals indicated.
INDU, SPX and UTIL at support, there may be some rebound.
TRAN, NASDAQ and Bond "Big M" confirmations, may fall further.

 

$USD and $XEU reverted to mean, then move away again.
Now near support and resistance.
Gold reached $1375 target. Silver reached $23 target.
Silver reaches overbought territory.
Gold may continue a bit.
Crude Oil at resistance.

 

$USD rebounded from support to previous top near 82 then faltered.
May continue as "Big M" pattern to 82.5.
$XEu fell from resistance to 133.1 then rebounded to 134.1.
May fall as "W" pattern to 132.
Gold wave 5 may go UP to $1425.
Silver may go UP to $25.
Crude Oil Triple Top pattern.
May fall to $99.5 if MA(50) fails.

 

INDU fell to 14900 then rebounded.
May go UP to 15100 before falling again as "sHs" to 14550.
SPX broke through MA(50) support, then rebounded to MA(50) resistance.
May fall to 1600.
NASDAQ, TRAN and UTIL rebounded from support.
NASDAQ may fall again to MA(50) at 3550.
TRAN may fall from 6462 or 6550 to 6170.
UTIL may fall from 485 or 490 to 465.
There may be shock if BOND makes new low.

 

Gold wave 5 went UP to $1425 as expected then fell.
$1350 will tell whether it is BULL or BEAR.
Silver went UP to $25 as expected then fell.
$23 will tell whether it is BULL or BEAR.
$USD went UP to 82.5 as "W" pattern indicated.
If MA(50) was broken, 83 and 83.5 might be seen.
$XEU fell to 132 as the "Big M" pattern indicated.
If MA(50) and MA(200) were broken, 130.5 and 130 might be seen.
Crude Oil Triple Top pattern failed to materialized.
MA(50) pushed Crude Oil UP to $112.
$115 may be the upper limit for sometime.

 

INDU rebounded to near 15100 as expected, then fell as "sHs" to 14750.
Next may fall to 14550.
SPX fell from MA(50) to 1630.
Next may fall to 1600.
NASDAQ fell to MA(50) as expected.
TRAN fell from 6550 as expected.
Now at 6250, next may be 6170.
UTIL fell from 485 as expected.
Now at 477, next may be 465.

 

$USD broke MA(50) and went UP to 82.75 then fell to MA(50) support. May go UP again.
$XEU broke MA(50) to rebound from MA(100) support. Now at MA(50) resistance. May fall DOWN again.
Gold rebounded from $1350 support. "3 waves versus 5 waves" will tell whether it is BULL or BEAR.
Silver rebounded from $23 support. This week may reveal BULL or BEAR.
Bond impending break DOWN.
Crude Oil can move UP to $115 as an Ascending Wedge.