Elliott Wave Update ~ 20 October 2026

Everything is seemingly aligned to the bearish side of things.

The best SPX count is actually bearish. Great wave structure and form. This now aligns with both the DJIA and the Nasdaq Composite.

The best bullish SPX count is an ending Diagonal triangle that squeaks out yet another new high. This looks pretty good if it pans out. Would give time for evil Anthropic to go public in an overhyped IPO for the ages. Would make fitting sense that the world’s largest bubble makes a top on such an event. We’ll see.

Overall big pic on the SPX. We are merely tweaking ending wave matchsticks on the coming bonfire.

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