Ewj: elliott wave

Short position stop out. Plan to enter short position again if the Market falls from 13500, 1492, 2690 level.

 

Thanks Mup. We reach page 200 with your help, landis's, elovemer's, traderob's and some others.

This sideways Market is very difficult.

 

Key area the 1496-1497 on the ES its the larger 50%

Exp flat is still valid so we need a C wave if its in that count. The count becomes incorrect above the 123.6% @1500.

 

Closer look at the 5 min

Possable 5 waves up into 1496, the players will always try a break back sell in anticipation of an H&S pattern with a S&R 6-8 ticks above the 50% in case it morphs into an ED pattern.

 

This may be as far as the Market can go.
Prepare to open short position again.

 

Every time a sell signal is pending, the market jump!

 

Last chance saloon for the sell....

 

Look like an ascending wedge now, with lower trendline break.
Prepare to open short position.

 

Short position open. Set stop at the last high.

 

Now trading a touch above 1500 ESZ.
This should get very interesting!