LLY looks like consolidation to me. 200 day ma flat, flag beginning to appear, which could mean a gap up or down at some point, but I don’t think we’ll see any meaningful movements til mid January.
LLY OPINION: I think the sell off is over. The 760 gap has been filled. Ideally the news about Zepbound is released tomorrow and FDA says there is no shortage, LLY then rallies to fill the $860 gap over the next few weeks into Q1 2025.
First stop: 200 day MA @ 840 Timeline: 2 - 3 weeks