When this finally rips, everyone’s gonna act like it was obvious. But right now? Crickets. That’s the opportunity. $MYNZ in a perfect storm.
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Just researched this healthcare stock $MYNZ - looks like huge potential! Their cancer tests could be game-changing. Current price is $4.62, but price target of $7.09 = +53.6% upside. Definitely one to watch! $NVEE $JNPR $PLAN $TWTR
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Just bought some $MYNZ - this healthcare stock has 89% upside potential! Love finding undiscovered gems like this. Excited to see where it goes. $LLY $MRK $GILD #investing#healthtech#stocks
NASDAQ 100 Elliott Wave Count
New highs likely for the NASDAQ 100 to finish the blow-off top. My Elliott Wave count (not to be confused with imitations) shows this selloff as corrective to be followed by the final phase of the blow-off top for new ATHs on NDX. This is my bullish count.
The blue trendline broke with this correction. By breaking the blue trendline, the correction has allowed for a very nice looking parallel channel to form on as it tests the 50 week EMA. NASDAQ 100 got a bullish hammer candlestick as I talked about in the weekend update.
NASDAQ broke the blue rising trendline only to expand into a larger rising price channel. Blow-off top rally likely to the upper end of the channel. My alternative count would have NASDAQ going sideways if NVDA is a drag on tech.
#blowofftop #elliottwave $SPX $SPY #SP500 $ES_F $QQQ $NDX #NASDAQ100 #Tariffs #GDP #inflation #tradewar #Trump #FOMC $DXY #Powell #blowofftoop $SPXS $SPXL $TQQQ $SQQQ $NVDA $AAPL $TNX $VIX
You see the bounce that took place from 2pm to 3pm?
These are the type of intra-day bounces that prevent the NYMO/NAMO indicators from reaching into 'oversold' territory. So even though the indices are now rolling over to selloff last 30 minutes and most likely will close near lows today, the NYMO/NAMO won't register oversold conditions.
https://t.co/POrAUvrMno
$SPX 30min: the selling has been fairly orderly, and if we continue the stair step/flagging down pattern then this next (final?) leg could terminate around 5350.
This is negated if we break above the current flag consolidation or have a failed breakdown and recovery above the latest bear channel.
*not financial advice
$SPX is exaggerating the 1st fractal wave of the multi-year bear market, but is potentially complete to begin a 2nd wave corrective rally.
The key is the 50% of Friday's decline, currently 5565. If $SPX crosses that, the 2nd wave is confirmed in progression to retrace 38.2-50% of the 1st (5765-5840).
There is risk for choppy downside while below 5565, though I lean we likely already completed the 1st wave at today's low.
$ES_F $NQ_F $NDX $QQQ $SPY