Ewj: elliott wave

SPX, NASDAQ, UTIL cut MA(50) DOWN :eek: .
UTIL's & TRAN's MACDs cut trigger lines DOWN :eek: .
SPX's, INDU's & NASDAQ's MACDs may cut trigger lines DOWN soon :eek: .
All indices may go DOWN to March 18's low as Wave 3]2)c .

 

Last chance for a rebound here as Wave 3]3)3 .
If not this may be Wave 3]2)c which may go DOWN to 1250 :eek: .

 

SPX rebounded from near 1306 as expected .
Next may be a move UP to SPX 1338 or
a move DOWN to SPX 1285 :eek: .
It depends on how we count the waves;
Wave 3]3)2 as a triple zigzag or
Wave 3]2)c.2 as an irregular correction .

 

AUD/USD shows an ED :eek: .
AUD/USD may go DOWN to 1.030
as dictated by the "M" pattern, before going UP again.

 

Gold near $1500 as expected .

 

AUD/USD DOWN move looks impulsive , i.e.,
five wave, DOWN three waves UP.
There may be some more 5-waves DOWN to go .

 

Head and Shoulders in SPX chart .
SPX may go DOWN to 1285 or 1273 .

 

USD DOWN again .
Crude Oil may go UP to $120 .

 

Gold reached $1500 .
Next targets may be $1520 or $1600 .

 

AUD/USD missed the 1.03 target because the last 5-waves DOWN is only .618 that of the previouse 5-waves instead of 1.0 or measured move.
AUD/USD wave two usually missed the end of wave four of a lesser degree .
The parabolic UP move may be Wave 3]3)3.1:1-:3,
which should end near 1.0666 .
Wave 3]3)3.1:5 may end near 1.072 .
Wave 3]3)3 may end near 1.14 .
Wave 3] may end near 1.4 :eek: .