Ewj: elliott wave

SPX waves one-two-three-four .
May be going UP as five to 1130 .

 

Wave iv.ã may be an ED .
Next may be a rebound as wave v .

 

Yes Mu, some more upside!


SPX 90min

 

My cycle chart suggests the SPX made the high two days ago for the current cycle. Price should go lower in the following days. If the market continues to make higher high, then my reading should be voided.

 

Gold$1153 .
May be $1170 soon .

 

Bingo! Well done blnbr! I hope you have been as short as you could be!

Can you post your cycle chart?

 

Choose your own target!

SPX 60min

 

Dollar index data error might be the cause of SPX sharp fall .
This may be Wave 5)2 which should end above 1085,
or Wave 4) which may end near 1030 .

 

Prechter and his boy Hochberg who does the short-term "update" for Elliott Wave International are once again holding the "bag" given that Hochberg was looking for yet another rally up in Wave 5 over the very near term. It never materialized.

Surprise! Surprise! Surprise!
:eek:

 

Hi ed, Here's the chart. The recent short-term tops are in symmetrical cycles. Since the tops are not sharp-turn top, so you may get Nov.16 or yesterday as the top or turning point. It's a little tricky here. The other tricky thing is sometimes the cycle does not repeat, sometimes it repeats many times. So if it does not behave as you expected, you need to cut your position and run (if you already have one)