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Monday, December 21, 2020

Elliott Wave Update ~ 21 December 2020

 Our top two squiggle count options haven't really changed so much despite today's early downdraft.

Could be that wave (iv) of [v] had to alternate from wave (i) of [v] and thus traced an upward flat. This implies the final squiggles are now here. (Unless last week's high was the high)

The other top squiggle count is that the market will last into January 2021, likely around Inauguration day.
Apple's chart is reason to believe the count will last into January because it hasn't yet decisively made the break higher in what could be wave (iii) of [iii]. Ultimately we are looking for a new all-time high to finish the pattern.

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