Elliott Wave Update ~ 27 Oct 2022

Potential squiggle count if Minor 2 has topped. This sets up for a market down-type opening tomorrow and we’ll see how after hours goes. Futures are closed as I write this and have recovered about halfway and stand at ES 3791. So, whatever. We’ll see how they choose to push the overnight tape.

The DJIA is masking just how bad the market rot underneath has gotten. Almost “overbought” on the daily RSI, simply amazing.