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Tuesday, July 7, 2015

Elliott Wave Update ~ 7 July 2015

Check out the Wilshire weekly. Bounce on the channel line.
Overall count:

Still projected as an expanded flat for wave [ii]. Market went to lower lows today but that didn't change the counnt from last night's update, merely the low of wave (b) of [ii].

The downsloping trendline was broken over.
SPX is more muddled (which is why I use the Wilshire).  But the target area is the same for both indiexes. In the SPX the big gap down at 2100 level is the wave [ii] target.

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