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Note 6/8/22: I have identified a bug in one of my two primary analysis programs. The bug prevented a major bearish stock market indicator from being displayed by the program and that is one of the primary reasons for my more bullish stock market stance over the past few months this year. I would have otherwise been more bearish with my wave counts. I have taken steps for preventing that from happening again.
LLY is in primary wave 3 of cycle wave 3 on the monthly chart. Wave 3 is usually the longest wave although the below chart shows a shorter wave 3 projection. This is shown below with wave 3 topping around 380 with the current price near 315.
Eli Lilly monthly chart. Primary count is orange labeling. Cycle count is blue labeling. Click to enlarge.