Don't fight the clear momentum! Broke 20 year resistance and is consolidating off potential inverse head and shoulders.
Heading to the .618 retracement leading into earnings.
I decided to update my wave count and get more detailed on the daily. Currently we are in a Wave 4 correction and from what I see have begun the 5th Motive Wave to continue to the upper end of the channel by year end. Should expect upside heading into earnings to the former high then sell off and resume to new highs before hitting the upper channel and correcting...
HUGE cup and handle formation in WMT. Also considered a defensive stock with market volatility and has held up strong in October. New highs to come!
Strong trendline channel and bouncing off support. Currently looking to complete Wave 4 correction on the daily and gearing up to rally probably after Apple earnings. Let me know what you think.
Disney tested strong support level and sellers have been flushed out. Look for nice pop back to $115 with good earnings stories to come.