Elliott Wave Café

Elliott Wave Café

The Daily Drip

Markets review, strategy and analysis

May 28, 2024
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Bottom Line: The Dow’s divergence rings a slight alarm, with prices hitting support. The tech-heavy Nasdaq continues its upward trend, while the SP500 remains quiet after the outside day candle last Thursday. There has been not enough change in market character to warrant a serious reduction of long exposure.

Let’s now dive into charts and further analysis below… then the Double Shot daily video.

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