Ewj: elliott wave

Multiple BUY Signals: MACD, RSI, Higher High, Trendline Break, 50-DMA breack, etc.
Multpile Resistances: Resistance Trendline, 100-DMA, Shoulders' level.
May turn out to be a Triangle, with no lower low.

 

The charts are somewhat confusing .
That is what the Markets do.
We get another Fractals, which predicts another BEAR Trap :eek: .
The reverse Head and Shoulders scenario is the most bullish.
Two scenarios of Triangle will produce more BEAR and BULL Traps.
The move to below SPX 1000 needs a very bad news.

 

There is just no way that I see any kind of IMPULSIVE 5-waves down from the 1129 SPX high into the 1040 lows.... I see a 3, and that's it.

Prechter's "nested" 1-2's got totally BLOWN OUT of the water last week. And he's still clinging onto this action being some sort of a "2".

Meanwhile, Neely actually "nailed" this recent low and sees a 5-wave impulsive "C" wave back up....

 

Ugly Longterm Fractals :eek: .
{2000's & 2008's & 2010's Tops} = {July 2007's & Oct 2007's & May 2008's Tops}
If they are predictive ,
we have 50% to go.....
DOWN from March 2010 high .

 

4 Heads and 8 Shoulders .
Mr. Market is choosing between normal and reverse ones.
Bullish short term fractals.
May be a measured move UP to SPX 1155,
or a stall at the neckline SPX 1130 .

 

Ending Diagonal @ hour

If the market can cool down indicators at this level, i'm voting for a flag up @ daily.
October might get ugly...

 

hi there, im tracking a formation of the wave and i have a question;
in the attatchment you can see that im waiting for wave 4 to complete, so for this to be a elliott wave does that mean the price CANNOT go lower than wave 1 end, which is 1126.6?
what happens if it trades a little under that price, as in 1125-1126, can this still be clarified as a wave?
next price target is 1140, completing wave 5

 

The Market has been in trading range for 4-5 months.
Next week the Market may find some direction.
UP according to the reverse Head and Shoulders .
DOWN according to the Head and Shoulders .

 

...where's mup ?

check this out blokes....

3rd wave of 3rd wave of 3rd wave.... can't get much more bullish than that.

 

That's how I labeled on the weekly chart as well. Hope the market will move as predicted.