1. LULU weekly chart within a giant megaphone.
2. Regardless of counting the bounce from the drop, or the extension from the initial rise, 377-397 is the area I will take some profit. Will keep some position to see the next stage pattern.
3. Ideally I want to see some consolidation here. Cup Handle? Or more identifiable wave pattern.
1. W Bottom
2. Create a solid consolidation base at high ground, before break out.
3. Fundamentally, Trump policy may not benefit oil prices, but should benefit oil service companies.
The drop may be behind us.
NKE is trying to retake 21 weekly EMA with upcoming ER. If ER can confirm the the worst is behind us, it is probably a good candidate for 2025 turn around play.
For the market to continue its upward trajectory,
the semiconductor sector needs to show strength,
with ASML playing a critical role it needs to go higher,
After a period of consolidation, ASML forming a wedge breakout pattern,
Worth a try.
