Ewj: elliott wave

All indices may show SELL Signals in MACD today.
INDU and SPX broke the misplaced Head ans Shoulders patterns neckline and are testing th AUG's lows.
NASDAQ broke DOWN from ascendign wedge.
TRAN made a second lower, confirmed by INDU.
Equity Put/Call R20 began to turn UP, SPX may make a new low.

 

EUR/USD went DOWN to 1.338 then rebounded to 1.356,
may be Wave 3)5.3 and .4.
Next may be 3)5.5 DOWN to 1.32 .

 

Gold and Silver crashed after the multiple "Big M" or "Moribund" patterns .
Note: Three levels fractals of "Big M" patterns.
Gold's targets $1580 and $1520.
Silver's targets $30 and $29.
Crude Oil crossed but could not stay below "M" neckline.
May be going sideways for sometimes.
$USD and $XEU stalled at measured move.
May be going sideways for sometimes in wave four.
Note: Wave five is treacherous.
VIX also stalled.

 

MACD gives late signals,
sometimes SELL Signal coincides with bottom :eek: ,
sometimes BUY Signal coincides with top :eek: .
Just one day after MACDs cut trigger lines DOWN,
INDU and SPX show Stars, TRAN and UTIL show Piercing and NASDAQ shows Bullish Engulfing.
May be going sideways for sometimes.
Equit Put/Call R20 rising, SPX may be going DOWN.
Note: There should be a lower low in SPX and lower top in EPCR20,
which may be the last low or right side of the neck.

 

Gold ($1560) and Silver ($26) went past targets :eek: .
Only $3 to the $23 "Are you high?" target .

 

AUD/USD reaches first target .
The count is not quite complete.
May be going DOWN to the second target at 0.92

 

Gold drops to near $1520 target, then rebound $100 to $1626.
May be Wave IVc]4).
Next may be Wave IV]c]5) DOWN to $1460, $1310 or $1050 .
If the reverse Head and Shoulders pattern is confirmed, Gold may go UP to $1700 :eek: .

 

Silver fell another 11% to end of Wave V]V)III5]4),
then rebounded 11% to top or Wave V]V)III5]3),
May be Wave IVc]3)-4).
Next may be Wave IVc]5) DOWN to $23 or $15 at the end of Wave V]V)III4] .
Wave IVc] might have end and Silver may go sideways for sometime .

 

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Silver rebounds as 3-waves, may be Wave IVc]4)a-b-c.
Now at 38.2% retracement, near measured moves, previous lows with completed wave count.
May be going DOWN as Wave IVc]5) soon .
Note: UP move gone parabolic.