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Friday, July 10, 2020

Elliott Wave Intraday 10 July 2020

This is the last option for a wave count that I can see for the moment. Its a maddening market huh?

The key is there seems to be triangle waves developing. There is another count that stretches it out and doesn't pop to the target until end of day. We'll see. Ideally Minor wave 5 of the NASDAQ takes nearly a full 9 days and today is the ninth day. 
Here is another version of the (w)-(x)-(y) construct. This works nicely too. May not get resolved today though with the way things are going.

Honestly it looks like distribution to the little guys. Who else is buying here in a historically overvalued market at the top - correction - outside the top of a 10 year channel line?

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