The Daily Drip

Markets review, strategy and analysis

Note: The EW counts on the right edge are real-time, and they are prone to adjustments as price action develops. Elliott Wave has a fluid approach, is evidence-based, and requires constant monitoring of certain thresholds.

In the counts below, this (( )) = circle on chart

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Chart of the Day—ADP— Here is an industrial stock focusing on business support. I like what I see happening near the highs and how it’s trying to prepare for a breakout in a more significant wave 3. The break of the horizontal dashed line would trigger a “buy signal,” while a break of 237 is defensive “get me out.”

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This is one of the 24 stocks in the Double Shot daily video last night.

Yesterday, we reviewed the core markets and their technical levels.

Today I will show some opportunities and risk/reward levels in the markets we follow. I am also looking at the BTC count on an hourly chart.

Let's dive into the charts below …