Elliott Wave Update ~ 1 July 2022

If the huge SPX open gap down is to be closed based on our overall count, then next week is the week probably to do so. A low volume shortened holiday week.

One reason for this count is the move from 3945 (a) to this week’s low of 3738 (b) counts best as a three wave move.

The Wilshire also with the same count

The most bearish squiggle count is shown below.