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Thursday, September 3, 2020

Elliott Wave Update ~ 3 September 2020

Not much else to add at this point. Either the all-time Grand Supercycle [III] top is in, or it isn't.  But I am sure there will be more to add to this post as data comes in later.
The various major indexes, the Wilshire 5000, S&P500, Industrials, Nasdaq 100 and NASDAQ Composite were all in agreement each other every step of the way today except at the top where the DOW actually surged +100 points higher at the open. 

In other words there were no small bullish divergences to speak of.  If the top is in, this is the best bullish wave (ii) count we have and you can apply it to everything.  The alt is that things are going to outright crash overnight and maybe open massive gap down. We'll see. Lots of options tonight.

You got to wonder who is buying when the Governor of New York threatened to kill the President of the United States. How's that for a "positive" social mood top? Wanna buy stocks? Tesla is probably a steal with nearly a 20% pullback in just a couple of days!

At this point I really don't f****** care. 






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