The sharp downtrend for HIBB cannot continue much longer. The current trend would hint at bankruptcy within 3 years, which is certainly not the case. My thinking is that the trend is about over and that we will start to see consolidation in the 12-26 range for a short time. That consolidation will move HIBB out of the downtrending channel and prepare it for a move...
Just a follow up on the SPY from my February 2017 post. We are still in wave 5. Could continue extension above upper trendline for awhile or turn on a dime tomorrow. There is plenty of overconfidence in the market right now and an attitude of "this time is different", but many will be disappointed and fearful when they realize they are wrong. Waiting for...
We are currently in an Elliott Wave 5. I'm projecting this wave to last into 2018, at which point I think the corrective A wave will begin.The entire pattern will probably end by 2021. The forecasted lines are based solely on typical wave angles and lengths. This forecast in no way guarantees any of this will happen, just that I think it has a decent probability...
