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Friday, January 17, 2014

Elliott Wave Update ~ 17 January 2014

The 2 hour Wilshire chart below shows the 2 key support levels for the wave count. A breach of these support levels will give strong wave evidence of a bearish reversal.
Here are the support levels at a closer inspection. The market certainly has enough waves to be considered "done", however unless or until these support levels are solidly breached, we have a valid further bullish count that still "looks right".

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