Elliott Wave Update ~ 16 May 2022

Today ended the same as Friday with a pink Minuette wave (b) with a ? mark. We’ll give the market the benefit of the doubt and assume a small pop to (c) will come tomorrow. But as EWI said in their update today is if this is all the market can muster, watch out below. A lot of non-confirmations today between indexes between Friday’s high and today’s high. The Wilshire failed by a few points to make a higher high than Friday.