mikemo81

mikemo81

2611 was line in the sand...and it broke. Fib lines 61.8, 78.6 and 100 likely support area. 78.6 coincides with weekly 100 MA as well.

mikemo81

Seeing a flat correction AND today hit the 50 fib line.

mikemo81

Seeing a possible symmetrical triangle as B. Should be nearing breakout point soon to downside.

mikemo81

Turning down as expected...Looking (hoping;) this will be a big move as this could be a wave 3 of a larger wave (3).

mikemo81

Updated view on price pattern. Very close to possible big down move.

mikemo81

Elliott Wave 1-2, 1-2 setup possibly playing out. If so, very likely a BIG fall coming soon in a wave 3 of (3) move down.

mikemo81

Looking like the likely scenario for the NASDAQ (and overall market). If so, it just completed it's 5th and final move up last month, and began a bear market.

mikemo81

This has not been my favored view for a long time but I'm starting to think this could be a very likely scenario playing out. Key Fibonacci ratios are satisfied at key levels from 02/2016. If so, we could be in for a HUGE fall in the coming weeks/months.

mikemo81

I really like this picture.

mikemo81

Bullish Wedge + ABC Correction + 50% Retracement = Move Higher....Looking at this scenario as my first choice. If so, should play out this week.

mikemo81

So good so far...Looks to be in wave 3 of C. Highlighted area typical target zone.

mikemo81

78.6 Fib retracement hit on ES from all-time-high to 2/9 low. NASDAQ showing major bearish divergence on RSI, as well. Selling on high volume...Looking for further downside ultimately to 'C'.

mikemo81

Major Bearish Divergence on NQ

mikemo81

Possible Correction Mode Still. B wave a complex Elliott Wave Correction.

mikemo81

Move 3 down for C wave about to start?