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Monday, May 21, 2018

Elliott Wave Update ~ 21 May 2018

Not much has changed. Top bearish counts:
Top alternate is that it is a long winded triangle. This would make sense as Trump has very high ratings which may indicate social mood is still highly elevated possibly pushing the markets to another all-time high in a final wave 5 of (5).

The sharp 2 week drop from the all time high indicated "Here's your trading range for the next many months". That's the way it usually works.  And the market is consolidating in a triangle for either a push to another all-time high or consolidating for a bearish push breaking below in a harsh wave three down.

Monday, May 14, 2018

Elliott Wave Update ~ 14 May 2018

Not much has changed in a week. We are still awaiting the long term count to reveal itself.

Tuesday, May 1, 2018

Elliott Wave Update ~ 1 May 2018

The top alternate is the triangle count. If it is to play out, expect at least one more hard dip down in a "gloom" open then sharp rebound upwards, eventually towards new all-time highs.

Wednesday, April 25, 2018

Elliott Wave Update ~ 25 April 2018

The top alternate has not been eliminated as a possibility that a contracting triangle is forming at Minor degree: