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Tuesday, July 24, 2018

Elliott Wave Update ~ 24 July 2018

Close to reaching a new high.

Wednesday, July 11, 2018

Elliott Wave Update ~ 11 July 2018

This has become the top count due to wave structure.
It just looks better as a triangle of some sorts which implies new highs eventually. A break below key price points would negate the pattern.
Note: The INDU is significantly lower in prices and wave structure and may end up deviating from the Wilshire count. But this blog uses the Wilshire as the primary so its what we are going with. In either case the bearish deviation from other indexes implies that even if the Wilshire gets a new high price  or comes close, the others may not. That is bearish in the long run.

Thursday, July 5, 2018

Elliott Wave Update ~ 5 July 2018

Another version of the triangle count. This implies big upside is imminent.
Wave (2) count.  If wave C of (2) was an ending diagonal overlapping count, prices should have collapsed by now. They haven't. They may do so still, but it has to be quick. Too much churn.