Ewj: elliott wave

Gold, Silver, Crude Oil, EUR and AUD UP moves look corrective.
There may be one more measured move DOWN .

 

If this is the end of wave-2 for weekly S&P 500, its wave-3 down move could be very sharp.

 

Crude Oil, Gold, Silver, EUR and AUD.
Clear 5 waves DOWN, obscure 3 waves UP which is quite complete.
Next may be another 5 waves DOWN .

 

5-waves DOWN, 3-waves UP may be Wave .3 and .4 or :3 and :4.
Next may be Wave :5, .5 or 5 DOWN.
Crude Oil measured move DOWN target may be $87.5 .
Gold measured move DOWN target may be $1450 .
Silver measured move DOWN target may be $26 .
$XEU measured move DOWN target may be 126 .
$USD measured move UP target may be 82.5 .

 

Indices' Wave :4 rebounds met resistances at MA(50) or MA(200).
INDU measured move DOWN target may be 11500 .
SPX measured move DOWN target may be 1180 .
NASDAQ measured move DOWN target may be 2470 .
TRAN measured move DOWN target may be 4620 .
UTIL measured move DOWN target may be 440 .

 

More question marks than I see on a typical manager's face in a week.........

 

AUD/USD may be in Wave III2]c)1.5 or III3]2)b.1:5 .

 

EUR/USD may be in Wave 3)3.5:5iii.ii:ã, target =1.260 .

 

Wave five confirmed, but sometimes it is short.
INDU, SPX and NASDAQ lower lows.
INDU, TRAN and UTIL break MA(50) supports.
TRAN Bearish Engulfing.
UTIL Evernign Star.

 

Forex, metals, Crude Oil
All countertrend moves stall at resistances and supports, previous high or low, MA(200) or MA(50).
The trends may countinue soon.