Thursday, July 4, 2019

Holiday Video Report

Here is an automated Elliott Wave Video Report prepared for any idle hours you have over the holiday if you are in the U.S. If you are not in this country, then all the best wishes for a good week and weekend.


The video may best be viewed in full-screen mode.
TraderJoe

39 comments:

  1. will watch. thanks. fyi the cover page has wrong year

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  2. Thanks Joe . Great breakdown of waves and reasoning.

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  3. Thanks for the video. Any guess as to the count within circle c? What you were calling wave 5 from 2915 seems outsized in time and price.

    It is interesting that ES is basically unchanged - it will take very little Friday to either put daily oscillators on sell OR wipe out divergences and embed stochastic.

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    1. 3 days of vix below bollinger band. Probably extreme short term sentiment with the move maybe stalling. I think it goes down next step. Subject to change, as above.

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    2. @09:49, "seems" is opinion based, and was clearly proven incorrect this morning. Wave x5 traveled 1.618 x 3. That is the target for an extended fifth wave. No opinions involved.

      @10:03 a lot less opinion in that observation, and leads to a correct conclusion. Cheers!

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  4. Coming from the 2918 is playing with advantage. (lol)

    Thank you Joe! Just what I'm expecting. Will be so that we have a good teacher. ;)

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    1. Humans would be great typists if it weren't for their fingers!

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  5. hi joe
    thank you for your video
    he goes on how much the sp500?
    thank you

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    1. You have to ask better questions. For example, how much, which way? Up or down?

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  6. Thank you for the video ET.

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  7. Thanks for taking time to work this up!
    Much appreciated!

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  8. Thanks ET great video!
    Maybe move from jun 4th can be counted as a 33333 diagonal = leading (a) of Y

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    1. Nice wave 5 over-throw of 1-3 trendline?

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    2. @Erik B .. welcome regarding the video. Regarding the suggestion of a 3-3-3-3-3 diagonal ((a)) of Y, the move does not have the characteristic 50 - 80% retraces which are typical of a diagonal. That and the very clear :5 wave down move that got me counting upward should put that possibility last on the list. ((a)), up, already, then flat ((b)) down, then (i) of ((c)), up, or all of ((c)) up are the first two choices.

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  9. A look at SPX cash 15-min; v = i to an exceptionally close approximation.

    https://invst.ly/b6p8a

    TJ

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    1. In SPX cash 5-min an expanded flat second wave like this one is not illegal because ((B)) down is shorter than ((1)) down, preserving degree labeling. And wave ii, up, has already overlapped wave i, down, to be corrective to it.

      https://invst.ly/b6pga

      TJ

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    2. ..the best ALTERNATE to that count is that a diagonal downward would form. That is only because flats are very common, and diagonals a little less so.

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    3. Now up over the ((A)) wave, so the 'minimum' target for a flat was met.

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  10. Yep. Expanded flat confirmed with new low.
    The pattern is typical of frenzied attempts to arrest and reverse a developing change of trend.

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  11. TJ -

    Thank you for the video. Would I be correct in concluding that since the next major move would be a wave C which is part of a larger corrective structure (ABC), we should expect an impulse of the same degree as the ABC which ultimately takes us back to new highs perhaps into year 2020-2022.

    Have a good weekend.

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  12. TJ thanks for the video. Always food for thought. Am I right in my takeaway firstly that the final high of the B wave (using your fib extensions) potentially is much higher than it is now. Lastly since your count up from the 09 lows as five waves and this an ABC structure when its done another set of waves higher still in the future.

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  13. Mahesh .. I am not interested in posts from a paid commercial site. This and all future posts will go to spam.

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  14. Joe -
    I ran across this site listing extensive rules/guidelines for EW. This got me thinking.
    Have you given any thought about doing something similar (perhaps in EBook form, etc) that would list all the "checkpoints" you go through for analysis? This could outline degree relationships, overlaps required within structures (ie X overlapping a of W, etc)... I'm sure this would help everyone here (certainly would me). I would gladly pay for something like this, a thorough checklist to run through. Its just a thought.
    Thanks

    http://www.wavemagician.com/rules.htm

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    1. I'd much rather write the instructions for the "other side of the trade", as the rules are much simpler:

      1. The purpose of this algorithm is to park money in the banking system
      2. This algorithm must survive against humans
      3. The 62% retracement is the most widely recognized by humans
      4. Therefore, always run prices beyond 62%
      5. Not running prices beyond 62% is a sign of failure
      6. Failure will cause this algorithm not to survive.
      7. Go back to step 1.

      Lol.

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    2. Did you just notice how the algo did not allow 62% on the cash close?

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    3. you are on a roll joe lol

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  15. hi joe
    excuse me for the questions which are badly posed, but since I am french and I translate in english, the translator modifies the sentences badly

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  16. joe
    I wanted to know how much the sp500 can go up or go up?
    thank you

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  17. Daily $VIX appears to be closing back inside the lower bb:https://invst.ly/b6rku

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  18. Hello Joe and group..i m having trouble with the 1.38 extension number...is it 3245 or there abouts..Thanks for any insight

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  19. es .786 retracement of today's low. Could be 2 of diagonal. Back above that level and the bulls rule.

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  20. about the count on the weekly chart in the video:
    The price high at EWO maximum is labled 3 of (5). That does not seem to be in accordance with the Eight Fold Path method (as you teach it) where EWO maximum is supposed to come with a iii of 3 or 3 of (3). So, should what is labeled (5) not be a(3)? Where am I wrong?

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    1. Sure it does. Do this. Plot the ES futures using the 1 hr timeframe. The iii of 3 is the gap wave as I called it live. It is the max of the EWO, then there is a higher high in the futures following the gap wave which is on a divergence with the EWO. That wave is v of 3, as I called it. Confirm for me that you get the same results.

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    2. So, jjaco; I reply to you out of courtesy. But when I ask you to reply to me, you don't, huh?

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  21. A new post has been added for the weekend.

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