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.

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.

Elliott Wave Update ~ 14 May 2018

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

Elliott Wave Update ~ 8 May 2018

Elliott Wave Update ~ 4 May 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.