Ewj: elliott wave

If you on the 5min ES ammo the lesser wave 5 could ED giving a pop into that higher 1319-20 area Alt wave...

 

A chart helps...

 

thanx

 

Bench mark for today is still the -4.5/75 Alts...

If it starts to correct more then weakness sets in...Then the next higher ALt ( -15-17) comes into play..

 

Oh! Yes.
-180, -18, -36 points down and wave a-b-c.1.2.3.4.
Another wave down and the down count will be complete.

 

An alternative count is a.1.2.3.4.5-b.a.b.c-
another wave c of -180, -18, -36 points to go! :eek:

 

Sometimes there is no wave five as expected.
There is no lower or sell signal.
There is higher high, so it is a buy.
Measured move points to +500, +50, +100 points from the -180, -18, -36 area.

 

Nicely done...

Its held the previous Alt and the bulls could see wave 4

 

Bears will be hoping this pattern is some sort of Flat B wave.

Otherwise Mu's bull counts take the lead

 

The Bulls are no doubt seeing this...

38.2% when measured from the top of the previous inpluse wave... Again see page 127 in Frost and Prechter for the classic Flat example..

Weekly SPX...