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Monday, June 10, 2019

Elliott Wave Update ~ 10 June 2019

Sorry was on vacation, haven't posted for  awhile. It seems to me that the market has been in an extended effort to make new highs. However, resistance is formidable. I was playing around with some wave counts and this is the one of the interesting ones that stood out.

From a support/resistance standpoint it makes sense. The final triangle would be the stored energy needed to finally push over to a higher high. However the "thrust" may be short lived.

We'll see. Squiggles do not lend itself to anything more definitive at the moment.

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