Ewj: elliott wave

SPX was just above Ending Diagonal target, high = 1925.
May be going UP to 1957,
or DOWN as ED ended.

 

INDU high at 16,746 just above 16,660.
May be going to 17,000.
DOWN targets are as quote.

 

$USD went DOWN as low as 78.91 then
rebounded to as high as 80.58 .
Measured move target = 81.30 .

 

Crude Oil formed Triple Tops near $104.38 resistance.
May be going UP to $111.50 when the triangle finished.
Or DOWN to $84.80 as an a-b-c.

http://www.elitetrader.com/vb/attachment.php?attachmentid=142516&d=1390742291

http://www.elitetrader.com/vb/attachment.php?attachmentid=141621&d=1387525204

 

For TRAN to crash and the stock market with it,
Crude Oil should surge to $114.8 .

 

TRAN Bullish count = V]V)III.
TRAN Bearish count is not likely.
May be V]IV)Dc]3)5.3 .
TRAN is the most Bullish index. For the market to crash TRAN should crash first.

 

Triangle finished.
Post-triangle Thrust.
May be going UP to measured move at $111.50 or
previous high at $114.83 or
big measured move at $115.80 .

 

TRAN: After a parabolic move UP,
it is not impossible for a CRASH to happen.
Note: Bearish Engulfing near multiple measured moves.

 

Gold last lower low is a false break. It may be wave 2)c.
Now may be Wave 3) which may go UP to $1460.

 

This 8-year Wave II) and Wave IV) count says we may be in Wave V) which may rise to 33,000 or 44,800 in 2020.
Another count with 16-year Wave II) and Wave IV) may have Expanding Triangle Wave IV) end near 5300 in 2016.
New Highs favor former count.
Decreasing Volume favors latter count.