WallStScalper
Short

BROKEN ARROW... We were trading soldiers

INDEX:SPX   S&P 500 Index
Broken Arrow

SP             are in the final stages of wave 5 in an Ending Diagonal ...just before "Broken Arrow".

The chart above shows the final A-B-C in an Elliott Wave count having 5 waves up from 666,79

As FED-chair Ms             .Yellen just proclaimed for the 2nd time... Stocks are overvalued.
First time was the signal for preparing - cause FEDs trading desk will pull out and
switch off bullish price control.
Now it's serious meant you have a fortnight maximum if not less.

The A-wave             up came this fridayand tested the 88,6 retrace of the latest swing high and low
From there ( monday or tuesday I see SP             will have a shallow B-wave before the final C-wave             .
The C-wave             will possibly bring the SP             to 2138             .04 - the 1.618 extension of the
2007 high at 1,576.09 to 666.79 - 2009 low and leave ....a Broken Arrow.

I'm not short or long... will keep my powder dry for the short or trade other instruments than the indexes.
Fear not... believe what you see and trade it.
@BLawrenceM

Music at work:
https://www.youtube.com/watch?v=hS5Hp-LFNe0
https://open.spotify.com/track/2AqYChOhWOS3MQWqQPH2z1

Broken Arrow?
https://www.youtube.com/watch?v=4vVGPY9EuVU
https://www.youtube.com/watch?v=FxPeHqH4XxI
https://www.youtube.com/watch?v=HBDlZADZ4TM
keep that powder dry indeed n wait for d right ride!
+1 Reply
Like your thinking BLM...thanks for sharing

ATB

TDL
+1 Reply
WallStScalper PRO TheDarkerLord
Your welcome ... just the way I see it :)
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I'm in my first German lederhosen ...shorts :) https://twitter.com/BLawrenceM/status/596711341932576768
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WallStScalper PRO WallStScalper
Be aware here... Could make an attempt of going for a test of top... so split your entry in 3 positions... not all in ...yet
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vizionseo PRO WallStScalper
are you short here?
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Yes one 1/3
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Can not get better. Great work.
+1 Reply
Thank you very much!
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Sold shorts b-wave done now final and last c-leg up https://twitter.com/BLawrenceM/status/598128210719674372
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Possible target for wave 1 up the 2100 area: https://twitter.com/BLawrenceM/status/598141514179584000
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good call on the move up
+1 Reply
Thanks for noticing it :)
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I'm out ... waiting for going long again on bull flag: https://twitter.com/BLawrenceM/status/598148827862929408
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WallStScalper PRO WallStScalper
Bull flag is setting up now
+1 Reply
WallStScalper PRO WallStScalper
Out of all my longs : https://twitter.com/BLawrenceM/status/598196345778876416
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B9O9L WallStScalper
yes out too, all to weak
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vizionseo PRO WallStScalper
i'm still long until tomorrow ..strong bullish reversal today from this morning
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Yes I agree but I see wave 1 done here and a little retrace needed for a wave 2 down then we still have the 3rd wave up could come tomorrow or early thursday...(have to look at price action). But I do see more bullish move to the upside the coming days
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WallStScalper PRO WallStScalper
I'll enter longs again around 139ish on Upro
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Looks like wave 5 is complete now..broken arrow?
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Patience is all I can say right now..:)
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Corfirmation is everything in this game: https://twitter.com/BLawrenceM/status/600654321408172033
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Interesting megaphone setting up in ES_F https://twitter.com/BLawrenceM/status/600725411551703041 with less than 20 min to Ms. Yellen speaking
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WallStScalper PRO WallStScalper
A quick spike when Yellen speak?
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Bearish Shark could set up here se notations on chart https://twitter.com/BLawrenceM/status/600742480213123073
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A bearish Shark will give us the handle we mis in reaching the target https://twitter.com/BLawrenceM/status/600752135265914884
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julia17 WallStScalper
good evening) we got 1.618 fib today already on 2137.now bat to 2118 is possible.may be we can see just 2127 as a rebound from 2118. the current price as u see)
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Yes but I could see this little shark setting up for tomorrow: http://gyazo.com/cd15215892297d5a0c042cebeed27bd3
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WallStScalper PRO WallStScalper
Giving us a little short squeeze and the handle SP need to get to 2138 :)
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julia17 WallStScalper
ok, let's do it, it'll not change the basic way)
+1 Reply
Agree!
+1 Reply
More confident shorting here... https://twitter.com/BLawrenceM/status/601026146185191424
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KevinT WallStScalper
Seems bouncing off your C already
+1 Reply
Yes you are right! Setting right now a looking... if we in fact has started on a Broken arrow due to 3 things... 1) Latest downturn still have the looks of a possible 4 wave and no confirmation of broken support ... but might come of cause...see the chart below and 2) Yellen speaks friday. It will possibly keep market buoyant. 3) Megaphone forming (EW= Expanding Diagonal) in SPXU.. SPX inverse 3X see 2nd chart below. If it pans out SP should find support at 2016 on the ES_F and 2018 on SPX500 and in finding that it might result in SP setting a new ATH before Broken Arrow. A new ATH could push the SP to touch 2138 and give the ending diagonal more credibility due to bigger overthrow of upper trendline.Chart 1
snapshot
Chart 2:
Megaphone - Expanded Diagonal
+1 Reply
WallStScalper PRO WallStScalper
Megaphone - Expanded Diagonal
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It the TOP in?
EW & Harmonic Is the top in.? Still need confirmation with a LH
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Things are tightening in on the SP https://twitter.com/BLawrenceM/status/603934685958254592

and

https://twitter.com/BLawrenceM/status/603959212742471680
+1 Reply
great work, thanks a lot!!!
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Shouldn't we have to have another up swing, because this fall from the top does't look like an impulsive wave? It could be still missing C in last 5...or am I wrong? Thanks for answer;-)
snapshot
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https://twitter.com/BLawrenceM/status/611114721761214464
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Quick update! https://twitter.com/BLawrenceM/status/615307092912701440
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Didn't we have the same divergence in Sep/Oct 2014? Is the elliot wave and fib retrace the difference between the present and that dip?
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