Stock Market Analysis With The Elliott Wave Principle -Dow Jones, S&P 500, Russell 2000, Nasdaq and FX. All charts and commentary on this site are strictly the opinions of the author(s) and are for recreational purposes only. In no way should this be construed as trading advice or a recommendation for investing. See disclaimer at the bottom of the page.
Thursday, August 20, 2009
ESU09- Thursday 8/20 11:10 PM PST
Could she be telling us something? Using Dan and Kenny's bullish count, ES may have completed this leg up.
Wave v completed just above the center line of the channel and has moved well below it's lower 2-4 trend line in a fairly impulsive fashion. At the time of the screen capture, it appears a minuette wave ii or iv was correcting that impulse lower. If the new trend continues, it may very well signal a top for SPX and others.
We'll see in the AM!
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i think that the ultrabulluish count is on, what do you think?
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