sofi SOFI - a lot of momentum in the business with a bank charter around the corner, new president, football stadium, and more. This stock looks ready for a significant move to the upside. I could potentially see one wave lower to the green demand box, but with the 4hr divergence, decided to go ahead and jump in. Long shares of SOFI. Target $40+
TSLA showing a clean expanded flat for micro wave 4 followed by a (1), (2) setup. $815-$830 should be the last chance to enter before a quick move to $1k.
The S&P 500 just completed a wave B correction of a larger degree 4 move down. There was monthly demand at 2200 that started the reversal higher and weekly supply that has started reversing the market this week 2900. My first target is the weekly demand at 2480, then a retest of the lows if that is broken. In another chart I shared a bullish count for the S&P 500...
We could be in the following count. After taking a second look, i like the 5 wave move up for (1) and a 3 wave ABC pullback for (2). Wave (3) is typically the most explosive. Target $445.
NFLX setting up a nice 5 wave pattern of 3 of (5). Should see a quick move up to $432 next based on the most common 5th wave extension. Ultimate target $450-$465
Plan has worked to a T so far. Rejection of the 2963 supply area and drop into first target of 2790 daily demand. Reversal starting and expecting a Wave 2 up to potentially fill the gap to 2900. Looking to add to spy puts in the lower red box as the potential and probabilities favor an explosive Wave 3 to the downside. I hope you are ready. Long to the Red...
Here is a view back to 2008 correction. We just completed a larger wave 4 and I am expecting a pullback for a wave 2 of (5) to the value area of 2400-2500. From there, I expect an explosive wave (3) up taking us to all time highs. I am short term short and will be long once reaching the target.
The S&P 500 has been on an incredible rally since the bottom in March. We called 2176-2050 as a high probability reversal setup to get long in a major way. It worked like a charm and set a price target of 2933 when the market was at 2200. This week at 2900, we decided to start trimming back our longs (shares and calls) and began loading up on puts for a...