Ewj: elliott wave

..... what is your projection for the height of wave 3 ?
.... do you have around 1577 spx ?
... thanks

 

Santa Claus is comin' to town. 20B from the Fed. 500B from ECB.

Status.
Short "Long position" closed and short position opened at the end of wave five up, i.e., 4)c.3:3ã.v which was at 2/3 of target length. Hold long "Long position" just in case there is wave three up, i.e., 5)1.3.
Bullish Scenario 1.
The Market is going up as 5)1.3.
Sideways Scenario 2.
The Market is going up as 4)c.d:c.
Strategy 1 & 2.
Hold long "Long position". Close short position.

 

Scenario 3.
Minuette 4)c.3:4 is ending as an irregular correction. The Market is going down as 4)c.3:5 which may be equal to :1 and :3 which are about 400, 50, 110 points long.
Strategy 3.
Close long "Long position". Hold short position.

 

Short position closed. To enter again later.

 

Post at 10:06 PM
Five subwaves of wave four at the end of wave four of a lesser degree. A good place to short again.

Post at 10:20 PM
Short position opened. Set stop at the last high.

 

If stop out will set target near Minuette 4)c.3:1 end at 13367, 1470, 2642 to enter short again.

 

Short position stop out.
Still hold long position.

 

kidPWRtrader have a go a labling SQMN and post a chart. We'll always point out the rights and wrongs

Update on that 60min SPX from yesterday going into those adjacent fib ratio's and the Measured move at 1435.

Should point out yesterday had a lot of Fib time hits

 

Short position entered at "M" pattern confirmation and long position closed at not so typical head and shoulder pattern confirmation.

 

Short position closed.