Ewj: elliott wave

Oops!!! :eek: .
But not unexpected .
DMA200 and "W" neckline may turn into resistance.
RSI and MACD turn DOWN.
Wave 3]1)1.2 versus Wave 2]c)1.1 .
Wave 3]1)1.3 should rebound soon.
For Wave 2]c)1.1 RSI may go below 30% again.

 

Five waves DOWN .
There may be a rebound to wave four at 1100 .
But the sentiment has changed.
And many indicators turn bearish.
There may be a lower low than 1040 :eek: .

 

.... wave 2

 

...61

 

Thanks elovemer,
mu.

Wave five DOWN extended :eek: .
Friday's rebound may be a 3 or a 5 .
There should be another 5-waves DOWN from between SPX 1090 and 1110,
to between SPX 1040 - 1030 .
That same old magic number .

 

Five waves DOWN and a triangle.
Next should be DOWN to SPX 1040 - 1030.
Sentiment has changed direction to DOWN.

 

Oops! :eek: .
SPX -28 .
Three move waves to go to SPX 1040 - 1030 .

 

Our sHs finally materialized .
Alternate Bear-Bull Trap :eek: .
Note fractal patterns.
Will the green be completed ?
MACD cut trigger line. RSI to fall below 30% line soon.
Sentiment more bearish.

 

Hammer at 61.8% c:a .
Wave 2]c) might have end with a Bear Trap .
Or there may be another DOWN move to SPX 960 .

 

Fractal wave confirmed.
End of Wave 2]c)c or 2]c)c.3 .
The red line at SPX 1040 became resistance.