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Thursday, August 6, 2015

Elliott Wave Update ~ 6 August 2015

The Wilshire chart is slowly working toward 3 major supports: horizontal support, lower Primary channel line support, lower wedge trendline support. If they cannot hold, I would expect a good bit of market downside.
But unless or until that break of support happens we keep patiently counting. There is a legitimate contracting triangle on the same Wilshire index.

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