Ewj: elliott wave

Hammers in INDU, SPX, TRAN and UTIL and Piercing in NASDAQ are predictive .
Indices rise for five days with Three White Soldiers.
Only MA(50) and previous high are resistances.
Doji in TRAN.
Equity Put/Call R20 lower low = no buffer for a fall .

 

May go UP:
$USD rebounded from wave one top and MA(200) .
VIX at previous low and MA(50) .

May go DOWN:
$XEU fell from wave one low and MA(200) .
Crude Oil fell from June's low, MA(50), resistance trendline, ascending wedge.

May go NOWHERE:
Gold rebounded after five waves DOWN.
Silver rebounded from MA(50) after five waves DOWN.

 

Indices fall from MA(50) and previous tops.
Bearish Engulfing, Shooting Stars and Evening Star appear.
May continue DOWN .

 

$USD goes ^ and everything else goes v :eek: .
Crude Oil breakdowns from Ending Diagonal :eek: .
Gold and Silver in DOWN trend channel :eek: .

 

AUD/USD DOWN as expected .
May be going UP as Wave IIc]5)5.3:4 near 1.007,
then DOWN to 0.993 as Wave IIc]5)5.3:5 or Wave IIc]5).5 .
Wave IIc]5)5.5 may go DOWN as low as 0.963 .

 

EUR/USD may be going DOWN to 1.345 as Wave 3)5.3 ,
then UP as Wave 3)5.4 to just below 1.35,
then DOWN again as Wave 3)5.5 to 1.32 .

 

Candlestick Sell Signals confirmed.
Indices may be going DOWN as Wave 5) .
Note:
Equity Put/Call R20 at 0.91 near 0.89 when SPX was at July's high.

 

$USD is testing the last high.
$XEU is testing the last low.
Crude Oil is going DOWN.
VIX is going UP.
Gold and Silver in DOWN trend channel.

 

$USD and $XEU passed the tests .
Now in subwave three of wave five, may be going UP and DOWN to 81.5 and 130 respectively .
$USD's and $XEU's MACDs cut 70% and 30% lines again as expected .
Crude Oil fell as expected ,
and is testing the "M" neckline.
MACD cut trigger line DOWN. May fall further .
Gold and Silver broke DOWN from trend channel.
Silver's two "Big M" patterns confirmed.
Gold may test "Big M" pattern soon.
Gold and Silver may fall further .
VIX broke out of the Bullish Flag.
MACD cut trigger line UP as expected .

 

AUD/USD went DOWN as low as .969, very near .963 target, then rebound as Wave IIc]5)5.4.
Next may be Wave IIc]5)5.5 DOWN to .963 or 0.92 .