Cupid just shot an Arrow
New eyes on Broken Arrow. Count has ben lowered 1 degree.
The Ending Diagonal looks more right and more harmonic on the weekly chart.
See links below.
You may ask... but...but what about. The Ending Diagonal allows a overthrow in the 5th wave. That is what we are seing.
Why this "overthrow? Because bulls need to be convinced off clear...
This EW count is a bearish argument for the ED Broken Arrow first wave down
This count also support my chart : One More Day But SP Still Looks MISERABLE At The End Of The Day showing a SHS in spe
and the chart: Last Call B4 Broken Arrow. (See links below).
I see the choppy moves are due to remaining bulls still buying the deep. Can't blame them - but playing...
SHSs on 2 hour chart
Not much to say.. shss are only active with break of neckline...ONLY
Notations on chart....
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Trade what you see!
@BLawrenceM
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Bearish Elliott Wave Count
It's time for the SP to prove itself.
Lower yellow trendline from the EW Ending diagonal has to be breached to make me swob
to my bullish count "Choppy Mood" See link section below..... and all charts for better overview.
Notations on chart..
Please follow me on twitter for intraday updates.
Trade what you see
@BLawrenceM
Music at...
Harmonic ABCD
Update of my chart from yesterday!
If we have seen the top of the a-leg today at 2115.4 - the above chart is in spe as outcome.
Within the Elliott Wave Ending Diagonal understanding - we should only expect A-B-C moves.
The b-leg is being carved out now and should not take out 2100.
That will equal a 23.6 retrace of the a-leg
That will within...
Notations on chart.
Basically it is possible that we now with the Bullish Butterfly have an end of 5 waves down
Or
We could still see another abc (alt 3,4 & 5) up and then the last 5 waves down.
If a top then an ABC up. Conformation of BROKEN ARROW comes when we see a LH being set in.
We might have see the top, but we still need confirmation - a LH...
Nunca Digas No = Never Say No
Could still be missing the last - 5th wave up. One of the more frustrating part of working with EW
is the doubt of the 5th wave... is it in??? You only know in hindsight
SP Have today and in after hours made a retrace and found support.
TheRetrace made a megaphone in the 3x inverse derivative of the SP - the SPXU
Right now...
Chart is done...worked.. Price has moved on Thanks for the thumbs up!!!
Corrective waves is a-b-c and not 5 waves.
I was looking for a 3 wave retrace down for a b-leg retrace, but looks more and more like a 5 wave structure.
Time will tell. Remember this instrument is a derivative of the SP500.
Therefore expect some differences.
Fear not... believe what...
Notations on chart
Post market trading showed bullish movement so let's see on monday.
Have a nice weekend!
Fear not but believe what you see and trade it
@BlawrenceM
Broken Arrow
SP are in the final stages of wave 5 in an Ending Diagonal ...just before "Broken Arrow".
The chart above shows the final A-B-C in an Elliott Wave count having 5 waves up from 666,79
As FED-chair Ms.Yellen just proclaimed for the 2nd time... Stocks are overvalued.
First time was the signal for preparing - cause FEDs trading desk will pull out...
You can fool all the people some of the time, and some of the people all the time, but you can not fool all the people all the time.
Abraham Lincoln
Harmonic, fib and numbers are ruling the...
The way I see it... days are numbered.
(ISee a top primo april combined with a phi mate date and Bradley model top. See this link or look it up): www.safehaven.com
Will tank after a dead cat bounce in march 2016
See my other charts for info... this is just a updated chart of my chart: Dilemma.... This could be what's in store
I'm not playing the SP until we...
An Elliott Wave Ending Diagonal with the 5th wave coming in at 2138.04
2138.04 is the 1.618 extension of the subprime top and devils low.
2138 is also a confluence area where the 1.618 extension comes in from the major wave 3 swing high and major wave 4 low at 1821.61
Will it all end in an huge SHS? ...the form is a guess but we will at the beginning of a...
This massive spike came across yesterday. One day before quadruple witching and holliday trading season.
With stops taken out and a huge spike in volume too, market should be ready for the retail investor to bring price to the final top at the 1.618 extension (orange line) from the subprime top to 666.79 low.
It's here being called due to possible human error....
