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...
SHS & Dead Cat Bounce Most of the miserable history of the SP is told by the above chart but here a resumé: I see: A symmetrical SHS Fib time zone adds to the overall picture of bearishness. Shoulder, Head & Shoulder fits well with fib time zone and the cycle. Trendline from top and the 61.8 retrace ending up in fib zone time 5 Neckline at the 2,070...
Let's see where bulls got the courage! Trade what you see! @BLawrenceM
The ultimate oscilator has made a notable divergence and looks to be breaking to the downside of the triangle it has formed. Slow stochastics has a downside bias look to it imo. I am not planning to sell at friday's lows, although would look for observed resistance on rallies to sell the es. I believe the es & spx are in a sell the rallies mode at the moment....
Bullish Butterfly This could lead up to a bullish reversal for further upmove to retest ATH. Believe we will see some small retracement here and then possible further upmove. What is still needed in the bigger ED is the classic overthrow in the last 5th wave. I think we will see that overthrow this time around in this kast C wave up. Possibly in a 5 wave up...
Shark was valid IHS not... on tothe next trade Remember it's a 5 min chart Notations on chart Fear not believe what you see and trade tit @BLawrenceM I use Twitter for intraday update and quick comments:
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...
Final bullrun I see 145.35 as target for this last bull run before "Broken Arrow" Fear not ... believe what you see and trade it @BLawrenceM This chart is made the way it is - without indicators or drawings ...anything except price action. This is due to a do or dare on twitter. @fyrstikken and Austerity Sucks are leveraged 10 times short and I have promised...
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...