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Monday, December 28, 2020

Elliott Wave Update ~ 28 December 2020

A few variations. Apple is probably the strongest count telling the overall market story. When it tops, the market likely tops as well.

Overall, the Wilshire count below may be the correct count. The theme being that Trump's last day in office on the 19th of January may be the very final all-time high in the stock market. Just a guess based on the structures.
Which means we might go to here.....adjusted the channel lines on the Wilshire weekly. Its pointing to higher prices hitting the upper channel line.
The DJIA count has room for another small pop. Other than that, I'm running out of ideas for this count. That big open gap up from early November is still sticking out like a sore thumb.
Or maybe something like this.  Maybe we don't run all the ay until Inauguration Day. We'll see.

CPCE. Just wow.
And even the CPC is just wow.

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