SMCI reversed strongly from the 1228 top recently because of the SEC investigation from 1000 to 400 which is the broadening wedge support. This was the ABC pullback in the second long-term uptrend medium-term wave. Despite the SEC investigation analysts expect a strong net profit and revenue increase in 2024 […]
SMCI to shine again after the strong pullback? Read More »
SPX bounced from the support level of 5130 after the steep sell-off and is continuing higher in the fifth wave to target the 5900 extension target and possibly higher in the medium to long term. The instrument is supported for a continuation higher and an invalidation level short-term is now
SPX extension higher within the uptrend channel Read More »
Bitcoin pulled back for a test of 49000 a previous strong upside resistance. This level should be now established as a long-term support for a continuation higher in a fifth wave to target 100k which is also the top of the Andrews Pitchfork nice uptrend channel. Learn to Trade Crypto
Bitcoin is looking for 100k target Read More »
Cocoa pulled back for a test of 6.90 which is also a 50% Fibonacci retracement of the 2017-2024 uptrend. This level proved to be a strong long0term uptrend support for a retest of a third Elliott Wave peak 11.760 and extension higher in the fifth wave if we get a
Cocoa to target new high after the recent pullback Read More »
DJIA is pulling back to test the upside rising wedge important support 39400. This should hold for an extension higher in the final short-term and long-term fifth wave. Big uptrend extension resistance is 41000 and a wedge resistance 41600. This should be a fifth-wave extension and an invalidation will come
Is the DJIA long-term bull market over now? Read More »
