Elliott Wave Update ~ 4 Jan 2022

The DJIA, NYSE, S&P500 all made new highs today. The Wilshire 5000’s intraday high is 5 Nov with a closing high 8 Nov. It’s taken about 7 stabs at a new intraday high since but has yet to overcome.

There are 2 patterns on the DJIA: The contracting triangle and expanding ending diagonal triangle.

Even the Global Dow made a new high today.