Eli Lilly’s $1T Breakout at 1060 | End of the Supercycle?Eli Lilly (LLY) – Macro Elliott Wave, Fibonacci & Historic $1 Trillion Milestone
LLY has now reached a critical long-term inflection point, advancing directly into the 2.618 Fibonacci extension , completing the projection of a full five-wave Elliott Wave cycle. This precise alignment establishes the 1060 region as a high-confidence macro top zone.
At today’s high of 1060 , LLY also achieved a historic milestone - crossing the $1 Trillion market-cap threshold , becoming the first medical company in history to reach this valuation. This achievement underscores the extraordinary scale of the preceding multi-year impulse and reinforces the significance of the current structural level.
With price holding at these unprecedented highs, the market is operating deep within a premium zone , where long-cycle reversals typically begin. While the bullish structure remains intact for now, the confluence of Fibonacci exhaustion, wave completion, and valuation extremity creates a strong, affirmative expectation that LLY is entering its macro topping phase.
The broader corrective roadmap follows a classical A–B–C structure , with downside levels anchored to key long-term Fibonacci retracements:
• The 0.236 retracement at ~245 forms the primary target for the anticipated Wave A leg, aligning with prior institutional accumulation and structural demand.
• The 0.382 retracement at ~98 represents the major macro demand zone and the high-probability destination for full cycle re-pricing via Wave C.
Taken together - the completed Elliott Wave structure, extreme Fibonacci extension, and the unprecedented $1T milestone - LLY stands at one of the most significant macro levels in its history. The next major move is expected to guide the market from its expansionary phase into a multi-year structural correction, with clearly defined downside objectives.
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This content is for educational and informational purposes only and does not constitute financial, investment, or trading advice. All analyses reflect personal opinions based on publicly available data and chart structures. Markets involve risk, and you should always perform your own research or consult a licensed financial professional before making any trading decisions. Past performance does not guarantee future results.
1trillion
Market Update - January 12 2024
Spot bitcoin ETFs begin trading on US exchanges: On Wednesday, the SEC approved the launch of 11 spot bitcoin ETFs, and trading launched on Thursday. The approval of US-based spot bitcoin ETFs marked a historic day for bitcoin and crypto as a whole, opening the door to an entirely new set of retail and institutional investors. As trading started Thursday morning, BTC rose to FWB:49K before paring back gains to sit below $45k by Friday morning. Over $4.6 billion traded across all spot bitcoin ETFs on Thursday, likely setting a record for the highest day-one volume for a single type of ETF.
Ether surges as focus shifts to potential ether ETF: Ether (ETH) had been struggling in comparison to BTC over the past few months as attention centered around the bitcoin ETF applications, with the ETHBTC pair hitting its lowest level since April 2021 at 0.04788. However, following Tuesday’s bitcoin ETF head fake, the pair jumped to 0.052 suggesting a rotation out of BTC and into ETH for a catch up play and an expectation that the narrative will shift toward a potential ether ETF approval later this year. This was further evident on the actual approval Wednesday, with the ETHBTC continuing to rally higher, currently trading near 0.06 as of Friday morning.
Inflation ticks up as interest rate cuts expected in 2024: US equities rose steadily this week as investors awaited inflation data released on Thursday. Thursday’s data showed a mild 0.3% increase in the consumer price index (CPI) for December, reflecting a 3.4% yearly increase. Estimates had been for a 0.2% December increase and a 3.2% annualized increase.
Altcoins perform well as total crypto market cap nears $1.8 trillion: Much of the wider crypto market saw price appreciation this week, with some leveraged ETH and BTC plays showing good returns. Ethereum Classic (ETC) is trading up more than 55% over the past seven days, while Lido DAO (LDO) added 20% over the same period. The total crypto market capitalization is now approaching the $1.8 trillion mark, its highest level since April 2022, prior to the Terra/LUNA collapse.
Circle, USDC issuer, files for initial public offering (IPO): On Thursday, Circle announced that it had filed a confidential S-1 document with the SEC, as it seeks to launch an initial public offering (IPO). While the announcement was light on details, Circle had previously announced in 2021 that it planned to go public via a SPAC, with a $9 billion valuation as of February 2022.
🎭 Topic of the Week: Why was Bitcoin created?
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APPLE retracement to take placeThe price seems to have hit a top, now it is time for a retracement. The RSI is showing the price to be overextended, this can be seen by the value being above 70. I believe the price would retrace back down to the previous resistance level. Apple have had a brilliant year and has become the first business to be valued above 1T dollars and I believe over the long term apple is going to keep growing, but for now I believe they would see a slight retracement.


