We could see a back-n-forth here to consolidate some so will be looking for that in the 1925-1970 range. However, I'd like to see wave -v set first and then a pullback to consolidate within the range.
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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.
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Wednesday, October 22, 2014
10/22/14 - EOD Update
Today's pullback looks like a wave -iv so far in cash and emini and may have set the right shoulder as mentioned last night at 1925.
We could see a back-n-forth here to consolidate some so will be looking for that in the 1925-1970 range. However, I'd like to see wave -v set first and then a pullback to consolidate within the range.
We could see a back-n-forth here to consolidate some so will be looking for that in the 1925-1970 range. However, I'd like to see wave -v set first and then a pullback to consolidate within the range.