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Wednesday, May 14, 2014

Elliott Wave Update ~ 14 May 2014

Some obvious negative divergences on the daily SPX. Also, was that an ending diagonal triangle? If so, prices should soon collapse as a result.
The count of the Wilshire 5000 which has not reached a new high and is diverging with the S&P and INDU.
Maybe it will reach a new high and if so, here is the best squiggle count at the moment.
BPSPX is also seriously diverging. Momentum is waning.

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