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Tuesday, July 14, 2015

Elliott Wave Update ~ 14 July 2015

Technically, the market finished higher than the violent 90% day gap down day of 29 June. That means the 90% down day has been negated.

NYSE has not closed its gap though
Unless tomorrow prices collapse almost immediately and violently, then this count below is looking suspect as wave (ii). However, its still viable.
Revamped count. It essentially says the same thing as yesterday's count, that wave [ii] is nearly over. The count makes more sense this way time-wise.
Of course if the market insists on making new market highs, then this is the top count. An unfinished ending diagonal and we are in wave 5 of (5).

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