Even though Elliott wave can be a usefully trading tool in certain circumstances, having a system that does not rely on personal interpretation is a more reliable technique to increase profits.
The rising wedges continue to build on the SPX. I tried putting on an Ending Diagonal count but it does not work because the 4th wave does not overlap with the 1st, I half expect the market to just truncate with a large gap down open one morning that accelerates to the downside breaking support and making lower lows as the day progresses.
Breadth for the day closed at 1.07:1, decliners, with an improvement over yesterday's 466M shares to 557M shares traded today on the NYSE.
The Trend Finder II had three changes today, $RUT and AMZN changed to a sell, and GOLD went bullish. Yesterday I asked for a few tickers that people were interested in, three stuck-out as having some interesting potential so these were added to this list, JASO, JBL, and HNR.