SPY will bottom at the start of October at 315. Looking for a top to be in the next few days and then two months of extreme volatility with a move 20-25% lower. Vix will reach 50 and DXY will hit 110-115
I think Apple has finished a 40 year bull move and is currently in the middle of a correction that will retrace 50% minimum. Target is 91$ and possibly to the $70's. Nobody will want to believe it, but it is happening. It will happen something like this. Fall to 116-118$. Bounce to $150. And then the C wave will take it below 100$ to my targets.
Target is going to a minimum of $135 and could see as low as 102$. I tend to favor the latter. The stock is currently correcting from a run that started decades ago if you look on the monthly time frame. At a minimum these correct 50%. Anything lower than 135$ is a buy.
I am looking for SOFI to start off the week a little higher and then fall to the mid 6's. Either the end of the week or in early june I am expecting a run to anywhere from 8-10$ tops (depending on the structure of the b wave). And then it will make its final descent back down towards the ATL's. I go more in depth in the videos on my channel.
This is an alternative chart analysis. SPY could possibly be in a falling wedge pattern. If that is the case I would be looking for something between 415-425 over the next month or so, possibly sooner. And then start the fall to 350-370. This of course would be really bullish long term and would be an amazing buy the dip opportunity for $SPY and the rest of...
Looks like wave C of this downtrend could be a double three. If that is the case it should bounce next week if the overall market is decent. Looking for 10-11$ short term. If it ends up being a triple three which is very likely considering I think the overall market (see SPY chart) might bounce early next week and then is extremely bearish, SOFI will go lower...
Breakdown on Overstock on the 30 minute chart. Is it time to buy the dip?
In an earlier post I mentioned that SPY looks really bearish for the short term. However, this sideways move looks corrective for the first wave and looks like a C wave will begin next. Looking for 430-432 before we start making the big move down to 400. Check out YT channel with link in profile for more details.
Elliot Wave showing this is going to 380-390 most likely over the next couple of weeks to a month. Expecting a big dip into the fed interest rate raises next week and then a further slide after. Tomorrow is the start of a big move down to low 400's.
We are either currently finishing wave 2 of Overall 3 or we just finished A of wave 2. I favor that we finished the 2nd wave. But will just have to watch this bounce and see how it plays out. Target for wave 3 is 16$. If I notice that it looks like we are in B instead of starting wave 3 I will probably trim some of my shares around 12-12.50$. Average $10.91
Looks like Wave 4 of Overall 3rd Wave. We are currently in C of ABC. Looks like a regular flat and looking for about 44-45$ by November 29th-30th. So should bottom early next week and begin wave 5 of overall 3. Price target is 73-75$ to end overall 3.
Wave 2 of Overall 1 held .786 fib almost exactly at 8$. Looking for a possible extended wave in December to 12$ for wave 3.
Originally I thought that we were about to start Wave 5 of overall Wave 3 which would take us to 30$ roughly. This dip from high 24's to high 18's and maybe a little lower has changed that. It looks like that spike on November 11th was actually wave 5 of 1 of overall Wave 3. We are now finishing Wave 2 of Overall 3. This makes more sense as well considering...