Today, the Russell 2000 index officially broke the intermediate wave 1 low therefore cementing a 3rd wave into legacy. I've been posting bearish post after bearish post for quite some time now. I don't want any false impressions. I am not a bear. I am a realist. The only thing I can report is what the chart tells me. I have no allegiances. Not only did small caps break … [Read more...] about Small Caps Lead the Way.
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The Magnificent 7 Index : A House of Cards
There are exactly 7 stocks holding up the entire US stock market. Those assets include Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. What I’ve done here is created an index chart that enables an Elliott Wave count of all 7 assets combined. The all time high was printed in November 2021, along with the rest of the major stock indexes. Since then, these magnificent … [Read more...] about The Magnificent 7 Index : A House of Cards
Tesla: A New Perspective
A New Perspective on Tesla by BossWizard on TradingView.com Tesla Motors is a very popular asset. Popular doesn’t always mean bullish. Popular assets are loved by bears as well since they provide plenty of liquidity. This is a staple reason why Tesla has started its life corrective. Since inception, it has carved out a 3 wave corrective zigzag advance that topped in 2022. … [Read more...] about Tesla: A New Perspective
NASDAQ’s Curtain Call
The NASDAQ futures appears to have carved out a 1-2-1-2 early wave 3 extension. If so, the index is going to carve out a third wave for the ages. A drop so sharp that you will tell stories to your grandchildren about it when they ask. History is about to be written and we are all a part. Prepare for A Waterfall by BossWizard on TradingView.com … [Read more...] about NASDAQ’s Curtain Call
