Elliott Wave Update ~ 17 April 2025

The 2 bearish wave counts both have the market requiring new lows. These are the best counts considering that the wave structure since the market low looks corrective up. In either count, a break to a lower low should not be long and drawn out. The VIX should elevate again and an impulse lower should occur over the next week.

The bullish count option is shown on the DJIA at a lower degree level than the chart from yesterday. But as you can note from the above bearish charts, the wave structure since the low counts more as a three-wave corrective up rather than impulse.