Ewj: elliott wave

INDU rebound continued as 5 or 7 waves.
7 waves count may be followed by a shoot UP to 17,000.
5 waves count may be followed by a set back to 16,050.

 

$USD cannot pass MA(200) and fell as Big M.
Big M target = 78.99.
Rebound target = 82.15.

 

Gold did not go DOWN to $1150.
May be AB-base.
Gold overshot $1300 to $1400 then fell bact to $1266.
May be going UP to $1480 or DOWN to $1150.

 

$USD approaching "Big M" 78.99 target.
May be a triangle.
If true a rebound may follow.

 

INDU failed to shoot UP to 17,000 due to resistance at 16,660.
An Ending Diagonal is forming.
A fall below 16,200 may confirm this.
A fall below 16,000 may confirm a "Big M" pattern.
A fall below 15,300 may confirm a Bigger "Big M" pattern.
A rise above 16,660 may re-call 17,000 target.

 

So it was a 5 waves UP and there was a return to 4250 as expected.
After that a Head and Shoulders pattern was in force.
NASDAQ made a false break to 3946 then rebounded to 4177.
If 3946 is broken, measured move target may be 3760.
Head and Shoulders target may be 3650.
If 4177 is broken, measured move target may be 4240.

 

SPX did not fall as expected but shot UP to 1897.
An Ending Diagonal may finish at 1920.
A "Big M" pattern may be confirmed at 1820.

 

Gold broke support at $1250 may be going DOWN to $1214, $1187 or $1147.
Note: Triple bottoms test at #1180.

 

Silver triangle broke out DOWNward.
May be going to $16.85 or $15.90 .

 

NASDAQ rebounded to form a Head and Shoulders pattern.
If confirmed NASDAQ may go DOWN to 3820.