Will_Wong

Will_Wong

Wave 4 correction to 38.2% FB retracement appears to be done and wave 5 set to start.

Will_Wong

A long and sharp wave 4 correction to the 0.382 FB retracement looks completed and wave 5 blowoff to $155 looks set to begin.

Will_Wong

After the end of the Ending Diagonal, we have seen DIS dropped more than 20% from the all time high of $122.08. This impulsive 5-wave down could take DIS all the wave to the beginning of the ED which is around $78ish. This is in line with the long term wave 4 target of $81.23 which is also the FB retracement of 38.2%. The timeline for the end of wave 4 is around...

Will_Wong

The impulsive wave down can wipe out all the gains from the start of the ED which will take it to 9614. However, watch for the FED to suspend the interest rate hike indefinitely and then introduce QE4 well before the DOW reaches 9614.

Will_Wong

GPRO, widely regarded as the next generation maker of devices painted an iHns and is on the verge of a wave 3 upwards.

Will_Wong

FB retracements to possibly $70~$78. After that, wave v blowoff to $109.74. Between now $84 and $78, one could get some put options.

Will_Wong

Yesterday there was a 10% drop which could correspond to the (iv) wave correction and today's earnings report could be the start of wave (iv)

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With the 60 minute ED count invalidated (wave iii cannot be the shortest), here is a recount using the 4-hour chart. This certainly seems more in line with the bigger picture chart.

Will_Wong

The 60min chart shows a potential Ending Diagonal.

Will_Wong

Wave 4 appears almost completed and wave 5 up coming soon.

Will_Wong

Sometimes it is good to go back to the Big Picture to see where we are. This Big Picture EW count shows that DIS is still in the Major Wave 3.

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Looks like the larger Wave (3) Olive green) could end at $104.25 (1.618 FB retracement of the movement from 3 to 4 sharp.

Will_Wong

Yesterday, DIS raised the annual dividends 15% to semi-annual. Market likes it and DIS gapped up at open this morning. Time will tell if this is another breakaway gap. Inside Out did remarkably well with 98% Rotten Tomatoes rating and a Cinematic Score of A. EW's fifth wave is forming. A 1.618 FB extension of the drop from wave iii (red) to iv (red) gives a...

Will_Wong

Seasonal low for VIX is at end of June and early July.

Will_Wong

Subwave 3 of 5 in progress (pink). Target $118 at subwave 5 of 5

Will_Wong

Wave iv (red) seems completed and wave v (red) in progress.

Will_Wong

Looks like A-B-C of wave {iv} is completed and wave {v} just broke out.

Will_Wong

Entry point coming soon. With a recent earning report that surpassed estimates, LGND is expected to reach triple digit soon. A few analysts have upgraded LGND to a BUY with targets in the triple digits.