Looks like yesterday was the high for sure now as clearly the market isn’t looking to make any higher high today. There are 2 possibilities here… http://screencast.com/t/5UIiNXJR7Ox
Elliottwave is always just a guessing game as we both know the market is rigged and ‘they’ don’t let EW people make correct predictions all the time. I’m basing my thoughts on one more final high tomorrow on the charts somewhat, EW a little and ‘thinking like a gangster’ a whole lot.
I seen it too Geccko. The top is just about in now with tomorrow being the end of the up move for awhile I believe. I’m looking for a ‘pop and drop’, but this time the ‘drop’ actually sticks!
That could happen at the open tomorrow morning Amy as I’m expecting one more pop higher in the SPX before it rolls over. So maybe your 4.45 target is hit on FNMA around the same time the market tops and then it drops to fill that gap at 2.07 later this week while the SPX works on taking out the 1636 recent low.
That could happen at the open tomorrow morning Amy as I’m expecting one more pop higher in the SPX before it rolls over. So maybe your 4.45 target is hit on FNMA around the same time the market tops and then it drops to fill that gap at 2.07 later this week while the SPX works on taking out the 1636 recent low.
nice job …. i got support at 1636
ES Chart update: http://niftychartsandpatterns.blogspot.in/2013/05/es-chart-analysis_29.html
Looks like yesterday was the high for sure now as clearly the market isn’t looking to make any higher high today. There are 2 possibilities here… http://screencast.com/t/5UIiNXJR7Ox
Elliottwave is always just a guessing game as we both know the market is rigged and ‘they’ don’t let EW people make correct predictions all the time. I’m basing my thoughts on one more final high tomorrow on the charts somewhat, EW a little and ‘thinking like a gangster’ a whole lot.
FYI:
DAX and $TRAN both triggered a 13sell signal on daily TDeMark
i do not like these places where EWT counters r looking for one more wave….they never seem to materialize
here is my count….the fact that Emini futures have already breached the top of w1 in a 5th wave count is worrisome
chart here for what its worth …. getting short tonight in futures
I seen it too Geccko. The top is just about in now with tomorrow being the end of the up move for awhile I believe. I’m looking for a ‘pop and drop’, but this time the ‘drop’ actually sticks!
Did anyone mention the SP 1660.6 close?????
Bonds were just crushed today. Not looking good.
Tomorrow 5-29…..The ONE……Barrymore’s ending in 1942…..
That could happen at the open tomorrow morning Amy as I’m expecting one more pop higher in the SPX before it rolls over. So maybe your 4.45 target is hit on FNMA around the same time the market tops and then it drops to fill that gap at 2.07 later this week while the SPX works on taking out the 1636 recent low.
That could happen at the open tomorrow morning Amy as I’m expecting one more pop higher in the SPX before it rolls over. So maybe your 4.45 target is hit on FNMA around the same time the market tops and then it drops to fill that gap at 2.07 later this week while the SPX works on taking out the 1636 recent low.