Loading ...EW “C” Watch
Technically, three main EW options that I see.
Bull 5 underway to new highs. I wouldn’t discount this, even if odds seem low.
Bear A down complete, working on deep Bear B retrace.
Bear A down incomplete, new lows remain. Then Bear B. My primary.
Nested Bear 1,2,1 down complete, working on shallow Bear 1,2,1,2 retrace. 3 of 3 would be next.
Highest risk, with near term verdict.
The first two would take months to play out.
The Nested Bear count could be mere days away, if its operative.
Jason, Joe and Dan all have nested bear counts IN CONSIDERATION …
My pal Sam is on the A down option, but hedging on whether its done or not.
Jason …..
post http://www.pretzelcharts.com/2022/05/spx-update-first-upside-target-captured.html
chart
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZggu1tZc-66qx_GDaECViofaF-OyYbhvdKADYiIqFzqm-6IO02n8ZAOQOfG5cPwnjBhkLjCw0ce2ks6WjbgdKZ1oAAd2o7oz_6dYZxQ4cAdodQMTYdSyqXyqO9wGkYFepBgSXCELVynsLfcuGwjt58RTb2mmyLOyJT3APue7vKRCMSabplMD3ZKDXWg/s1565/spx%20lt.png
Joe
post http://studyofcycles.blogspot.com/2022/05/an-experiment.html
chart
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNPwPaIWNQZThbQWsxcVGT-9BFABSWvomMdnQ_SP2N5lZ1Ll4no20vOg2kwTf7xKGTloc7ex3k-KSRp8g3lGuqMrtLpv94jsYHQOtX-nMy-i37bKQHFKo4OBlgkxLLS7UdD65sTjYQLXv9hN28U7Q2PeioLgYXmthCYLgPo2oMjoHJuFx54psUf2BmwQ/s1520/ES%2006-22%20(Daily)%202022_05_26%20(6_36_52%20PM)%20Zigzag.png
%202022_05_26%20(6_36_52%20PM)%20Zigzag.png){kind=link}
Dan
post https://danericselliottwaves.org/2022/05/elliott-wave-update-27-may-2022
chart
https://danericselliottwaves.org/wp-content/uploads/2022/05/wlsh5-8.png
Sam’s chart https://imageshack.com/i/pmitQQcYj
pedro is there a translator in the house ?
I speak Chartology
EW is Greek to me
Bullish bearish ???
pedro is there a translator in the house ?
Try google?
The market is complex and IMO it takes EW to “model” it well enough.
Jason’s post covers the territory as simply as possible.
Bullish bearish ???
Any GOOD EW analyst will have green AND red options.
Trading is about risk management. My point was that the Bear risks are very high now.
That doesn’t dismiss Bull potential.
There is no choice but to get into the weeds if you want full (or any) value.
Thanks….I don’t want to wade into the EW weeds
Not for me…too complex…too many rules…i hate rules
Always seems to be maybe this maybe that …and labels are always perfect after the fact
cheers pedro…i am sure many Tenters appreciate the EW
New highs this year. 6000 S&P possible.