Alternate wave count on TSLA shows we could have a minor pullback into 509-515 before setting up for another move higher targeting larger degree wave (3).
TSLA Breakout is on-going targeting 800-900 level into 2021. On the hourly chart, we could have a minor pullback into wave (2) support level at 530-535 before TSLA sets up same degree move through wave (3) upside target.
If in fact the triangle completion has run its course, we should see a move into 125-139.
AAPL potential breakout targeting wave (5). AAPL current consolidation pattern presenting some good opportunity to establish some Leaps expiring 2021. Current support level for wave (4) at 105 setting up for a medium term wave (5) rally that could last for months. Any pullbacks into wave (4) support level at 11 presents some good long opportunity.
On the minor time frame, we could have a push down to test the wave (2) support level on the hourly chart at 3512 before we make the terminal rally.
The S&P is currently be unfolding into terminal wave (iii) upside target from 3800-3900 as the primary wave count. Primary wave count shows a potential move higher targeting wave (iii). Is this actually all of higher degree wave V? We may make a small pullback before we finally make the terminal rally.
BTC alongisde with Ripple and ETH is looking for a terminal push into wave (v).
look to book profits with another leg higher, we successfully captured this breakout
Alternate wave count on BABA shows we could be contained in the range of 305-2260 with a prolonged consolidation. Nonetheless, we are still favoring a more bullish outlook on BABA on the medium the longer term into 2021. Exact Trade Execution details in video update.
BABA dips into wave (ii) support level at 38.2% retracement or 263 setting up for a potential move higher targeting the 340-360 range into 2021. Looking to establish some minor longs on BABA with dips into 263 with either Leaps or Longer Term Bullish Vertical.
AAPL current consolidation pattern presenting some good opportunity to establish some Leaps expiring 2021. Current support level for wave (4) at 105 setting up for a medium term wave (5) rally that could last for months. Notice the slight lagging indication compared to the S&P but this is a very healthy consolidation pattern ready for a breakout. Check Video...
The S&P is currently be unfolding into terminal wave (iii) upside target from 3800-3900 as the primary wave count. Primary wave count shows a potential breakout with a remaining wave (iii) rally to go but we have to break higher from this record high levels with some more momentum in the following few days for an indication this is the proper count.
There is overall technical evidence on MSFT with wave (4) support level at 182-185 to support the continuation of the markets. Look to establish longs on MSFT with a dip into 193-190.
With our DIS leaps profits doubling as DIS, look to stretch existing profits on DIS into December 2020 with upside target at about 180-200. Alternative wave count will be a consolidation pattern that continues.
Notice a breakout pattern on TSLA with the inclusion of the stock in the S&P. Will the coming breakout pattern continue this trend and carry TSLA towards the 720-730 level? I am interested to establish some medium term Leaps or Bullish Vertical on TSLA with this breakout pattern. Check Video Updates on trade execution details.
AMZN running triangle almost complete with a pullback into 2990-2980 acting as a good level to establish longs for a potential wave (5) rally that could carry us into 3,900-4,000. Exact trade details in video update, looking to establish Leaps/Bullish Verticals into 2021 for AMZN.
Notice Semiconductors is leading the charge with the S&P which is positively correlated. Updates on existing longs on SMH that is likely to extend this terminal rally into 220-230 until there is irrefutable evidence to consider the top is in.
AAPL consolidation in progress testing wave (4) support level at 106 targeting a protection of 160-170 into 2021. Will the current breakout continue this bull trend. Looking to establish some minor longs on AAPL with dips into 115-113 wave (4) support level.