Ewj: elliott wave

Gold broke support trend-line and MA(50) DOWN.

 

All indices showed RSI's and MACD's SELL Signals.
INDU and SPX cut MA(50) DOWN.
UTIL is going to show Death Cross.
Third RSI's SELL Signals + Ascending Wedges + fifth waves may be a significant top.

 

Gold and Silver stay below MA(50).
May fall further.

 

Crude Oil first "Big M" target reached.
Next "Big M" target = $99 or $93.

 

Gold fell as expected.
First Head and Shoulders pattern target = $1225.
Wave IVc]5) target = $1050.

 

Gold is approaching targets.
$USD's MACD and RSI BUY Signals. $USD may be going UP.
$XEU's MACD and RSI SELL Signals. $XEU may be going DOWN.
BOND's MACD and RSI SELL Signals. BOND may be going DOWN.

 

Indices fell as expected.
Indices rebounded from supporting trend-line, now at 50% retracements.
Next moves are uncertain.

 

thanks mu

 

that's too bad.

 

Volume should tell something about SPX's recent highs.