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Wednesday, May 30, 2018

Elliott Wave Update ~ 30 May 2018

Triangle option is increasing moving to the forefront as the primary count. Today was a strong up day internally ending the day 7.4 to 1 up volume on the NYSE and 4.2 to 1 on the advancers versus decliners.
Another possible count we'll keep an eye on. The wave degree was upgraded but that's not important at the moment. Form is.

Monday, May 21, 2018

Elliott Wave Update ~ 21 May 2018

Not much has changed. Top bearish counts:
Top alternate is that it is a long winded triangle. This would make sense as Trump has very high ratings which may indicate social mood is still highly elevated possibly pushing the markets to another all-time high in a final wave 5 of (5).

The sharp 2 week drop from the all time high indicated "Here's your trading range for the next many months". That's the way it usually works.  And the market is consolidating in a triangle for either a push to another all-time high or consolidating for a bearish push breaking below in a harsh wave three down.

Monday, May 14, 2018

Elliott Wave Update ~ 14 May 2018

Not much has changed in a week. We are still awaiting the long term count to reveal itself.

Tuesday, May 1, 2018

Elliott Wave Update ~ 1 May 2018

The top alternate is the triangle count. If it is to play out, expect at least one more hard dip down in a "gloom" open then sharp rebound upwards, eventually towards new all-time highs.