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Friday, June 21, 2019

Elliott Wave Update ~ 21 June 2019

The top 2 bullish counts are presented below.

This one is more muted. A developing triangle in a complex correction.

But based on the strong upflow this week, this may be correct in that we have kicked off wave 3 of (5). If the market busts out to new highs this count is the one to watch.

Gold's long-term count seems to be panning out. Remember, the blue box zone is the minimum target area for wave (C) of [B].

Long term yield retest of the breakout?

Wednesday, June 19, 2019

Elliott Wave Update ~ 19 June 2019

The count I am primarily tracking is presented below.

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.