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...
If this Bullish Shark Pattern is playing out - a bounce should be eminent here. Fear not @BLawrenceM
A Bearish Deep Crap Could be in spe. BUT so far highly speculative. Conditions: A flush tomorrow for the 88,6 retrace of the X to A-leg (2082 handle) no more no less. This could suck in bears and create a bear trap. It has to be the 88.6 retrace... (A must) Then we have to see a hard reversal for creating a short squeeze that could propel the D leg up for a...
The TOP Finally the top will be reached with a Harmonic ABCD Fear Not Believe what you see @BLawrenceM Music at work: www.youtube.com
Price has recaptured ma 370 on 10min chart. Last time around we saw continuation. Safe trading ladies ladies and gents! @BLawrenceM
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....
SPX should find a bounce area here and spxu should find a top. The 2050 handle is important for the bulls for maintaining a bullish trend (hh and hl) Safe trading ladies and gents @BLawrenceM
Count on the chart...speaks for it selfs. I'm long at the moment but 2025 seems to be where wave 5 will have resistance... If we then see a shallow retrace this wave 5 could be wave 1 of 5 ....and a parabolic move could be at our hands Time will tell .... as all ways! Safe trading @BLawrenceM Music at work: www.youtube.com open.spotify.com
With this wave count I'm at the moment bearish looking for a move down. Have made a wave 4 into wave 1 violation and at a 88,6 retracement. It does look bearish if this is the right wave count Safe trading Ladies & Gents @BLawrenceM
Looks like Fed is setting the market up for a pop on there announcement later today at 2 o'clock. Market would then have made a perfect ABCD correction (yellow lines) at the 1.272 fib and looks like a 3 drive to a bottom at the same time (green lines). We would at the same time have seen a gap close Fisher looks also ready for a bounce making a possible divergens...
If indeed the top is in - here is a bullish count for SPXU - 3X SPX I see a wave 1 up in 5 waves and a wave 2 down yesterday. Today we see wave 1 of 3 and a possible wave 2 of 3 as a retrace. A 3.168 ext of wave 1 will close the gap at 52.20- 52.59 Safe trading ladies and gents!
There might be some back and forth here and a retest of intraday high....buuuuut ....I'm long SPXU Safe trading ladies and gents @BLawrenceM Music at work: www.youtube.com open.spotify.com
This is a classic ending diagonal with waves making 3-3-3-3-3 all the way to the E-leg ending by making an over throw and the E-leg making a perfect harmonic ABCD pattern. (Could though be drawn with E only being the C-leg. If that's the case we will see the summer passing by with SP ready to be shorted when smart money returns). Safe trading Ladies &...
If the 5th wave isn't truncated then this could be the last 3 steps to heaven Would probably take a rate cut from the ECB tomorrow In other words... end of major 3rd wave up - before a pull back Safe trading ladies & gents! @BlawrenceM Music at work: open.spotify.com www.youtube.com
RIGHT SHOULDER IHS TARGET has been reached Notations on chart I'm in cash - waiting for tomorrows ECB announcement Safe trading ladies and gents @BLawrenceM
UPRO normally showing gabs more clearly then the index. Price has made a exact 3.618 fib ext. of wave 1 and stopped at gab I could see chop here due to low volume ending up Friday with a gab close and reaching the exact 88,6 retrace. OR a gab close today and a bad NFP report tomorrow bringing the Gartley butterfly in play. I will take a short at 88,6 as a low...
Rather misty chart I know... Lots of notations on chart but i'll break it down into one thing... further up......in a slow pace - fits with summer vacation coming up. Price action has made a possible IHS. With target around 1960. Here comes also the 4.168 fib ext. of the high of wave i in the the final 5th of 5th in major wave (3 or C). At the same time price...
Smells like a diagonal being formed together with a gab close ending up with a Bearish Gartley being formed. I recommend hands of until clear signals given Safe trading ladies and gents BM