Ewj: elliott wave

Overlapping waves.
a-b-c more likely than 1-2-3 needed to go UP to $87.
May be in Wave 5)3 or Wave 5)1.5.5:5 now.
Expect a lower low soon.

 

SPY intraday got a channel line support today.

 

if sp500 can't make a wave 5 lower low on daily

then it is just an abc pullback in an ongoing bull trend

 

Mr.Market likes to do the unlikely :eek:.
The overlapping waves turned out to be Wave 5)2.a.
Now Wave 5)2.c = Wave 5)2.a.
Next should be Wave 5)3 DOWN to $80 .

 

$USD $75.95 almost reached target .

 

Here is Crude Oil's Right Shoulder at $87 target, isn't it .
Note: Fifth subwave of fifth wave of wave 2.c.

 

This is the fall after fifth subwave of fifth wave of wave c.

 

Gold - $200 + $200 - $100 .
Mr.Market will be satisfied when no one has money left :eek: .

 

Silver - 10% + 10% - 7% .
Mr.Market will be satisfied when no one has money left :eek: .

 

Crude Oil Fractals:
If small Head and Shoulders pattern fails.
Big Head and Shoulders pattern may fail too .