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Friday, April 30, 2021

Elliott Wave Update ~ 30 April 2021

The counts are satisfied except for the DJIA. It requires at a minimum a new high. It would take approximately a 1.17% rise in prices to accomplish that. This could occur and the Wilshire5000 does not make a new high which would be ideal.

The top alternate count is the market is still playing out Minor wave 4 in either an upward flat, expanded flat, or triangle. I don't favor this just because. But its the next best count available should the market remain above the significant wave marker of the top of wave (3).

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