OK, let's see what the wave action confirms. I must admit I am flying blind here with no idea of where price is heading in the longer term. Impulsive action to the downside is unfolding after the initial reluctance. The current impulse may end ...

Elliott wave outlook

Tim, sorry I don't... altho' I think Luis posted recent counts yesterday if you want to check the last few thread pages. CG should come online just now with some analysis...

Elliott wave outlook

Something's wrong. Downward progress in both EU and EJ is slow and keeps retracing itself... action does not make sense following the previous ending diagonal... Maybe the action leading up to 127.71 was a triangle and this downward phase is a ...

Elliott wave outlook

EJ hit 61.8% Fib of initial wave 1. now going down in wave 3. target: 126.40 (1.618 x wave 1)

Elliott wave outlook

EJ compound correction WXY seems to be sufficient to hit 61.8% retracement of wave 1. This is what I expect to see: image

Elliott wave outlook

EJ: 5w down and a zigzag up to 38% retracement (which is very shallow). Either in wave 3 down now or correction is compounding...

Elliott wave outlook

EJ: Correction to the down move underway - let's see what we have EU: mild move down but only 3w structures it seems.

Elliott wave outlook

EJ turned at 127.71 and has broken lower TL to the downside

Elliott wave outlook

EJ is advancing slowly and the wave structure of the up-waves is worrying me. Either 5w are in and this is correction downward or she's shy to go all the way and we need to be patient a little bit...

Elliott wave outlook

EJ can still go to 129. Here is Cableguy's chart from yesterday showing some key Fib levels and projections. His count seems good and there is plenty of headroom for more upside action. Don't be over eager to go short now. Put orders below and let ...

Elliott wave outlook

I'm interested to know why you say "unfortunately"? Is EJ moving against a position of yours?

Elliott wave outlook

EJ bounced off lower TL and heading for 128

Elliott wave outlook

I constantly position and reposition but am not anxious to get in right at the top. Calling tops is an exercise in frustration and disappointment. Instead when I see the EU confirm it's downtrend only then I will step in to dance with the lovely ...

Elliott wave outlook

Sorry I edited that - EJ not EU I believe EU will approach 1.26 eventually (because there is a longterm pivot at 1.26) and perhaps lower to 1.21. But 1.26 is an attractor for sure

Elliott wave outlook

Hi everybody. This is like a repeat of yesterday.... I wake up to find the EJ nearing the end of a move and here Luis has gone to bed after drawing us good charts and projections Yesterday they were spot-on - today let's see... I have EJ TP at ...

Elliott wave outlook

OK friends, I'm out to sleep.

Elliott wave outlook

You never got in? Price went to 124.02 or .01 ! CG and I were awake when that happened - it was amazing. Gotta sleep sometime right?

Elliott wave outlook

And S&P is at 1510 again right now. Dow is attempting a new advance high

Elliott wave outlook

For sure and an important turn like this will happen at significant Fib levels - price is in the middle of nowhere right now

Elliott wave outlook

Good indicator divergence as price is rising shows a possible turning point, but here or above 1.360? not sure. As Luis says, wait for 5 waves down... image

Elliott wave outlook