Ewj: elliott wave

SPX may be in the beginning of Wave V]IV)C3]3) .
Weekly Bearish Engulfing.
Very big Head and Shoulders patterns.

 

AUD/USD is going DOWN as Wave III2]c)5.5:5 to 0.990 .

 

EUR/USD is going DOWN as Wave 5)5 to 1.323 .

 

Crude Oil DOWN move looks impulsive.
May be Wave V]IV)E or V}IV)Cc] .

 

Wave III2]c)5.5:5 extended.
Near measured move and Head and Shoulders pattern target.
May end soon .

 

Gold went DOWN below $1700 as expected .
May be Wave IVc]5) or 3), target $1425 .

 

EUR/USD Wave 5) moves DOWN slower than expected,
may be triangular Wave 4).
After Wave 4)e, Wave 5) may go DOWN to 1.315 .

 

INDU, SPX and UTIL Wave 3)3.3 fall as 5-waves,
may rebound as Wave 3)3.4 from MA(50) or MA(200) .

 

Weekly charts confirm Wave C3]3) in INDU, SPX, NASDAQ, TRAN and UTIL .
Big Head and Shoulders pattern seems increasingly probable.

 

Gold and Silver Wave C3] with MA(50) as resistance.
$USD and $XEU Wave 3)3.3:3 with sHs and r-sHs completed.
Crude Oil Wave C3] at MA(200) support.