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Monday, December 14, 2020

Elliott Wave Update ~ 14 December 2020

Today is the day. DJIA made a new all-time intraday high, nothing else seemed close. In fact the waves up from Friday's low was a three wave structure on the Wilshire. It could be over. The count seems over. Weakness abounds.

This may be the correct count:

Industrials. Ending Diagonal triangle? The whole structure is weird.  Had the waves gone downward, you could say a "bullish pennant" was in the works for the INDU.  But it instead was very fast gains and then an upward bearish wedge. But in light of the Wilshire count, I don't care.

And of course perhaps just wave (iv) of [v]...its still valid of course.

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