Ewj: elliott wave

AUD/USD Wave IIc]5)4 rebound reached 38.2%.
Wave IIc]5)5 may fall to end of Wave I4] @ 0.97,
where Wave IIc]5)5 = .618*Wave IIc]5)1)-2)-3).

 

Gold and Crude Oil falls look impulsive as expected .
Crude Oil's Wave V]IV)Cc]5) might have begun.

 

SPX may meet resistance at Wave four of a lesser degree and fibonaci advancement {2)=1.618*2a} arround 1215.
INDU may meet resistance at Wave four of a lesser degree and fibonaci advancement {2)c=1.618*2)b} around 11550.
Note: Ascending Wedge pattern.

 

If Smaller Fractals really predict Larger Fractals, we'll have a big problem .
A 20-years Head and Shoulders pattern is forming :eek: .

 

The Dow shows similar triple fractals Head and Shoulders patterns .

 

S&P 500 seems to have some trouble getting through Fibo 0.318 and the broken channel line resistance. Let’s see how it goes in the following days.

 

The chart above was from freestockcharts.com. But later I found that there's a Big difference from IB's chart for the same stock(SPY) and some others. Which really piss me off Traders may be seriously misled by the wrong charts!

Just compare the two charts and see:
Both charts are using arithmetic scale. I don't know why there is a big different in two charts like this. Anybody knows why?

IB's SPY chart

 

SPY daily chart from freestockcharts.com

 

Sorry, somehow I could not post two charts together in one post, anyone can compare the two charts in my last two posts and see the difference. If you know why please let me know. (Bigcharts.com is the same as IB's)

 

The Markets fall big as expected .
Wave 3) may go DOWN another SPX 2000, DJI 2000, NASDAQ 400 :eek: .