PlannedTrades

PlannedTrades

Wave 2 not complete yet.

PlannedTrades

A messed up looking expanding diagonal for wave (5) of ((C)) of an expanded flat may have reached it's conclusion... Though I saw a triangular formation in wave two of the most recent wave "i" ... which is not allowed under Elliott... Hmm...

PlannedTrades

Hmm... The subdivisions thus far do actually look corrective in nature on the 5 minute, and 1 minute charts... so maybe this entire down move wasn't an impulse after all?

PlannedTrades

Actually looking to trade anticipated upward rebound first though.

PlannedTrades

The EUR/JPY seems to have topped out - at least for the next two weeks.

PlannedTrades

Seems like a larger expanded flat is pretty much complete. We should go to new lows next week. I don't think the recent impulse is the beginning of a counter-trend up move (not yet anyway). That being said... this next leg down SHOULD (probably) end the downtrend from waaay back.

PlannedTrades

Nearing completion, or already complete?

PlannedTrades

Seems like a looong way down! If you're long, and in love with your iProducts then at least consider hedging the potential risk with options.

PlannedTrades

What do you folks think?

PlannedTrades

I have sort of lost faith in my original wave count as wave 5 (yellow wave 5 peak on this chart) did not "morph" into an expanded ending diagonal. Therefore, I have switched this over to an alternate wave count instead.

PlannedTrades

I'm thinking we're nearing the end of an expanded flat - to be followed by one final thrust upwards to complete wave (5) of of... you know.

PlannedTrades

I had a feeling the up move seemed too easy! We should go down to take out the wave (B) low... unless it is followed by an (X) wave - leading to an even more complex sideways correction.

PlannedTrades

Looking to get long once the (B) wave nears completion. I don't think this up move was a wave (1). I think it is a wave (A) within a larger (X-wave) zigzag up.

PlannedTrades

What do you guys think? Wave 1 is shorter than Wave 3 so wave 5 should be longer than Wave 3, eh?

PlannedTrades

I think the SPX will hit 2,000 ... maybe even higher, and then LOOK OUT BELOOOOOWW! What do you folks think?

PlannedTrades

but look for a pullback