Ewj: elliott wave

Status: Short position only.
Strategy for today: Hold short position. Open long position at 200 - 250, 20 - 25, 40 - 50 points correction, then take profit at 100, 10, 20 points retracement. Set stop at the last low.

 

You can see the bears Make or break point on the SPX..

We'll see how committed the bears , they need to bust the low as Rob points out..

Other wise they could be in a spot of bother...

 

Target near, wait for higher high to enter long position, the set stop at the last low.

 

Long position entered. Prepare to sell when there is a lower low. Set stop at the last low.

 

5 min scribble like the 61.8% ...but i'll keep an eye on the 50%

 

Prepare to stop out. Dead cat bounce?

 

A bigger 120min Globex with the key targets on for the Bulls as Mu hinted at..

 

The third buy signal and the Market still goes no where.

 

Its 8 points of your low call

That 1466 was 200% ext of wave a on my 5 min chart btw..

 

A chart always helps...