Ewj: elliott wave

SPX 1071 .
Five waves UP, there may be a measured move UP .

 

An ED or a measured move UP to 1090 .
After the ED's correction, there may be another 5-waves UP to 1130 .

 

....

 

.....has anyone already mentioned that all these retracements are EXACTLY the same percentage ?

.... something to think about

 

Elo,

Thanks for the percentages! Very timely indeed!

Looks like that 5 completed waves down bearish count needs to be discarded. $DJIA has surpassed its Oct's high of 10120. (Or are my charts acting up again!?!?!?)

Still better to stick with scalps for the moment

 

SPX 1085.05 .
First target neared .
How about the second target .

 

Short ES 1083.50 scalp.....
Stop ES 1085 (may shift....)

 

Stop moved. Covered for a small loss @ 1083.75

A ton of resistance on top but some loaded buyers seems to want to push through...

 

Bradley Siderograph date today.

 

From Neely an hour ago

"So far, the S&P is following the red-dashed
projection line almost exactly.

That gives the “wave-(B) isn’t over”
scenario greater weight, which means
one more, larger rally is underway. If
correct, I would expect a top near the
1200 level. Optimism should get very
high by then, allowing us to go Short."