Ewj: elliott wave

now it's a possible wave 4 ..... possible

"as expected" .... doesn't trade the market at all

 

now we will see if it is a wave 4 or just a 50% marker in a much bigger up move

 

$USD and $XEU are trapped in some sort of triangles.
If $USD breaks UP and $XEU break DOWN, weekly Head and Shoulders patterns will be confirmed, and
$USD can go UP to 88 and $XEU DOWN to 120.
MACDs point to the contrary?
Gold and Silver are also in triangles, may go UP as Wave 2.c or DOWN as Wave 3.
MA(50)s may be resistance. Note Gold's Death Cross".
Crude Oil may go DOWN as Wave Cc]1)5.
If VIX's Head and Shoulders is confirmed, VIX may go UP to 26.

 

spx...spy
hell... maybe you are right
maybe it was a wave 4 ...
or else.... wave 5 just failed

dow did make a higher high on the wave 5
count is very clear on IWM, RUT

 

..........
if this doesn't fall apart .... could still see a lower low followed by an attempted higher high

...... support at 1135 spx
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my long term count for now is an ABC correction
...if it is.... then it forms a HS pattern on monthly/ quarterly chart

 

could still get a wave 5 .... and can't rule out a higher degree up trend

 

Crude Oil went DOWN big as Wave Cc]1)5 as expected.
Target prices = $95 ad $92.
If reverse Head and Shoulders confrim, VIX will explode upside, :eek:
as MACD BUY Signal indicates.
$USD DOWN according to MACD SELL signal then UP, now MACD gives BUY Signals.
Note also "W" patterns.
$XEU UP according to MACD BUY Signal the DOWN, now MACD gives SELL Signals.
Note Head and Shoulders pattern.
Gold went Up as Wave 2.c then DOWN, may be in Wave 3.
Silver went DOWN as Wave 3.
Note MACD SELL Signals.

 

"SELL in May" might have begun.
Note "M" patterns in INDU and SPX.
Head and Shoulders patterns in TRAN and NASDAQ.

 

AUD/USD may be in Wave IIc]3)3 which may end near 0.99.
Wave IIc]3)5 may end near 0.925.

 

Crude Oil paused near $95 and went DOWN to $93.45 near target $92