The markets are bipolar once again! What you can expect from here is the market to continue to go up to the range of 430-440. If the market sells off what you can expect is 340-350 being tested. So there is money to be made both ways! I'm leaning more towards the bullish side since we have sold off significantly.
SPY: Using Elliot Wave Theory, predicting a move to 4.30 seems likely. ~RSI has room to go to 430, so it is not out of the question of possibility ~The VI looked like it was about to switch momentum to bullish, but the red line is starting to curve back upwards giving the question is it really a reversal to bullish yet? ~Using Elliot Wave theory's 5 part wave we...
Netflix keeping pace with the other Major Tech Stocks, and outpacing the industry itself. The Stock soared from 12/12/27 to 3/9/18, followed by a short term reversal until 4/5/18. This happened to coincide with the 50% fibonacci ratio from the previous climb and bounced right off it. the momentum carried it above the 100% previous resistance lines, above the...