I remind that the Wilshire 5000 topped on 7 November, a full 2 months ago. The most bearish count is below. Although I seemingly gave up on the idea of an extended (5) for the Wilshire because of its persistence, the count is still valid at the moment.
And weekly, since the beginning of the year, its 2 down weeks in a row.
This is the alternate count (or primary if it breaks to new all-time highs) and the price action is range bound as if in a triangle. But many other indexes had broken higher such as the SPX and DJIA and GDOW and NYSE.
The black line is the long-term upper channel line
The GDOW is stretching its legs.
COMMENTARY
The illegal Biden regime had a huge win at the Supreme Court yesterday over the vaccine mandates. All the fake “news” media says it’s a loss for the Biden administration, but the health care mandate was upheld. It gave them a solid foot in the door for further infringement on constitutional rights.
Simply said, the precedent that the government can tell you what you must put in your body has now been set in stone. Huge win actually for the evil people.