Elliott Wave Live: Elliott Wave Live: Market Wrap for August 5, 2010

Thursday, August 5, 2010

Elliott Wave Live: Market Wrap for August 5, 2010

We didn't get the push up that I anticipated as the market continues to consolidate just below the June high. On the daily chart, the last three days look like a running triangle may be forming. The d wave may have completed at today's close. If so, I'll be looking for a minor decline to around 1118 area to complete the e wave ... setting up the final wave v of C of minor wave 2 advance.

Best of Trading

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Thursday, August 5, 2010

Elliott Wave Live: Market Wrap for August 5, 2010

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