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Thursday, December 5, 2019

Elliott Wave Update ~ 5 December

Wednesday, November 20, 2019

Elliott Wave Update ~ 20 November 2019

Yay glad to be back! Sorry about the no posts for a while, I was a bit busy but that should change from here on out.

We did break upward as the contracting triangle suggested.
Gold consolidating for another move higher?
Compressing yields for many years.  Gigantic falling wedge.
Another look at the Gold count with a variation from above
6 Month yields.

Thursday, October 10, 2019

Elliott Wave Update ~ 10 October 2019

Like an 18th century sailing ship floating in calm waters that has no wind.   Prices are at the point of where they were back in January 2018. Back down to the lower support circle to form a wave 2? Otherwise prices have held support in a multi-month triangle action. If the triangle holds, there should be a breakout higher.

As concerning social mood, it seems very, very negative at the moment particularly with the Trump impeachment frenzy reaching a crescendo. This seems to support that the long sideways 18-19+ month social mood correction (negative) is nearing its end and a breakout higher would be in order.

I'm most definitely not ruling out a sharp, shot down toward the lower blue circle area for starters in a big head fake. The long, long, term support is the red channel that is shown.

Monday, September 23, 2019

Elliott Wave Update ~ 23 September 2019

Still not a very good situation for a short/medium term count. The market is however near all-time highs holding support.

Tuesday, September 10, 2019

Elliott Wave Update ~ 10 September 2019

The market doesn't really have any clear cut wave structure primary count. The last update showed a very nice triangle but that was so obvious that it didn't pan out. Triangles are usually more subtle.  All I can post is some trendlines, channel lines, and other such potential triangles for the short/medium term.
However, the longer term count hasn't changed. It is implied that eventually a higher market high will occur no matter the short term gyrations.

Wednesday, September 4, 2019

Elliott Wave Update ~ 4 September 2019

It has been triangulating. That would imply its consolidating for a thrust downward.
Which also implies that the short term is corrective and thus the intermediate is to finish the wave structure higher.