Wednesday, September 30, 2020
Elliott Wave Update ~ 30 September 2020
Tuesday, September 29, 2020
Elliott Wave Update ~ 29 September 2020
The bearish counts in order from most immediate bearish to least immediate bearish.
1. Series of ones and twos. The market should break lower harder no later than tomorrow in this count.
Monday, September 28, 2020
Elliott Wave Update ~ 28 September 2020
Friday, September 25, 2020
Thursday, September 24, 2020
Elliott Wave Update ~ 24 September 2020
Prices overlapped the June peak which begins to eliminate certain bullish counts to new highs.
Wednesday, September 23, 2020
Elliott Wave Update ~ 23 September 2020
Yesterday's update was stated we need another move lower to confirm the bearish count(s). The market made a great effort today to get there but didn't quite make it. We'll see what the overnight brings.
Potentially we have a very steep base channel where all the beginning wave ones and twos trace out. At some point if the bearish count pans out, we should have an acceleration breakdown through the bottom in a "third of a third". We could be getting close to that point.
In the squiggles we had a very tiny technical violation of wave iv overlapping the bottom of wave i by a mere 3 Wilshire points. Not going to quibble about that. These things are rough patterns when starting out from a major trend change.
Tuesday, September 22, 2020
Elliott Wave Update ~ 22 September 2020
Well, since the recent Fed Day peak of [ii] the market has traced only 3 waves down. Ideally, we should have another wave lower immediately to form a 5 wave move from that peak as a minimum.
So despite all the selling as of recently, we need another move lower to confirm the larger count(s).
Monday, September 21, 2020
Friday, September 18, 2020
Elliott Wave Update ~ 18 September 2020
Thursday, September 17, 2020
Elliott Wave Update ~ 17 September 2020
Wednesday, September 16, 2020
Elliott Wave Update ~ 16 September 2020
Tuesday, September 15, 2020
Elliott Wave Update ~ 15 September 2020
The Wilshire just missed making a higher high above its pivot. There are still many short term options here. Until the pattern develops more or confirms what is already labeled as [ii], we just have to be ready.