Ewj: elliott wave

Indices fall but not yet a crash.
INDU on support trendline and MA(50).
SPX break trendline DOWN.
Head and Shoulders pattern confirmation in TRAN.
Note the very big "M" in SPX.
RSIs should fall to 30% .

 

MACD and RSI SELL Signals in Gold, Silver, Crude Oil and $XEU.
MACD and RSI BUY Signals in $USD and VIX.
Head and Shoulders pattern confirmation in Gold.
Trendline Break DOWN in Silver, $XEU and Crude Oil; UP in $USD.
MA(50) support in Silver, $XEU.
Gold breaks MA(50) support.
$USD breaks MA(50) resistance.
Note "W" and "M" patterns in $USD, $XEU, Crude Oil and VIX.
The question is "Is this a-b-c or 1-2-3?".

 

Gold, Silver and $XEU fell as MACD and RSI SELL Signals and sHs and "M" patterns fortold.
$USD up as "W"
Crude Oil down, but may be going UP a measured move to $120. :eek:
VIX new low = 14 .

 

INDU and SPX show c.5 or 1.5 at measured more c=a or 3 = 1.
If next is Wave 4, it should not fall below 1.
If next is Wave 3) DOWN, it will fall below a.

 

pullback on hourly chart was most likely not a wave 4 on daily chart
more likely a 50% point of the wave 3 being formed


which corresponds to your 1.4 labelled wave
i would just erase your 1.4 and 1.5 labels ... and label it continuation

 

AUD/USD Wave III3]3)4 or not?
Now at top of Wave III3]3)I, if fall further = not Wave III3]3)4.

 

Crude Oil may be going UP again as Wave 5 to $115 or $120.
But wave 5 is treacherous, sometimes it extends, sometimes it fails, sometimes it doesn't show up at all.
Note reverse Head and Shoulders pattern.

 

EUR/USD may be goind DOWN as Wave 5) to 1.20 or 1.17.
Note Head and Shoulders pattern.

 

Mr.Market doesn't like to reveal his secrets untill it is too late for most people.
Wave 1-2-3 or Wave a-b-c?
Check the blue line.

 

The return moves in Gold's, Silver's, $USD's and $XEU's "M", "W" and "sHs" patterns might have ended.
Next may be the continuation of the patterns.