This week move is +600, +60, +120 and -200, -20, -40. The bullish nature will continue to -300, -30, -60. Beyond that at -1000 will become more likely. Looking forwards to a rebound of +600, +60, +120 next week.
Crude $110 should peak below $114, take care! Status. Short entered as said when there was a lower low, reversed at break even point when there was a higher high, reversed again at +150, +15, +30 when there was a lower low and again at -150, -15, -30 when there was a higher high. Reversed for the last time when previous low was broken. Strategy. Wait to reverse short term position at wave five near -150, -15, -30 when there is a higher high. Prepare to close long "Long Position" if .....
We now got the Measured Move back the other way 1324.5 We could gun the stops just above if its not finished it ED.... (count incorrect above 1330) A bear scribble on the 5min ES
The Bull count option... Key area is the 1313.5 ( alt) if we say above 1313 area then the bulls still have the ball in their court...If they carn't... its hello bears with today's move being an a-b-c... 5min ES scribble....
Landis, Mup, We have two perfect measured moves today. Mu. Status. Short term position reversed below -150, -15, -30 when there was a higher high. Short "Long position" closed when there was a lower low and re-entered when there was a higher high at -200, -20, -40 and a confirmed reversed Head and Shoulders pattern. Short term position reversed at +200, +20, +40 and again at measured move when there was a higher high. Short "Long position" closed at +200, +20, +40. Hold long "Long position". Strategy. Buy above wave :i when there is a higher high. Sell at +200, +20, +40 and below wave :i when there is a lower low.
Could well be in one of our favourite ED patterns....(just finished wave ii , now down into iii) A larger 120min ES view...
As always there's is the Alt count... (ED count is cleaner, but as always us EW'ers have no bias either way..) Just in case the FED or someone else wants to step in again :eek: