Ewj: elliott wave

This correction may go DOWN to 1150 - 1130 :eek: .
If this is Wave 3]1)1.2:b, this may go DOWN below 1060 .

 

RSI is going to cut 70% DOWN for the third time, this may be a true SELL Signal .
MACD is going to cut the trigger line DOWN, stock may go DOWN for a month, short term investor may sell here .

 

An impulse sell from this area is needed for this to happen.

Am talking about 1 to 1.5 times average daily range. i.e. > 12 pts and > 18 pts even better.

 

dvol/uvol for last hour is 7/1 negative and spu's only down a point,could be distributuion, holding it up to get short

 

Now, 12 pt straight down will confirm the scenario.

Is it allowed? I am not sure.

 

@ 1171.82,
RSI = 68.85% = cut 70% DOWN.
MACD = 15,368 below trigger line = 15,386.
These may be SELL Signals .

 

Today, if the Market opens lower and SPX closes below 1167, an Evening Doji Star will show up .
There will also be 3 more Simultaneous SELL Signals .
RSI cuts 70% down.
Bar cuts trendline down.
MACD cuts trigger line down.

 

Four weddings and a funeral.
Four SELL Signals and the death of a BULL Market.

 

The Market is stronger than expected :eek: .
Wave 3]1)1.3 might have begun .

 

GOLD COUNT: I counted 3 1-2s off the bottom in my intial count, but here it is updated.