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Thursday, August 31, 2017

Elliott Wave Update 31 August 2017

Our wave count is at an inflection point. Do we head down in a Minor wave 4 or are we actually peaking for all-time?

It was a strong up day so this is a variation of possible count. Are we actually seeing the final squiggles of a major market top? EWI suggested this possibility in their Wednesday night short term update with the DJIA count.  I can apply the same to my Wilshire count more or less.

The other option is that this is still Minor 4 and that an immediate drop is coming.

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