Wait for 1850+
Despite the ridiculous comeback by the S&P last week, this POS hasn't even managed a .382 retrace. Should get it this week though... there always seems to be a FANG pump right before the market tanks. In fact I'm using this stock as a bellwether for when it's open season on puts.
Given that this thing turned exactly at the 1.236 extension of the May - Jun leg, I'm pretty confident that it's going to paint an expanded flat. The fact that wave iii pivoted at exactly the .786 also supports that theory w/ the potential butterfly shown.
Given that this thing turned exactly at the 1.236 extension of the May - Jun leg, I'm pretty confident that it's going to paint an expanded flat. The fact that wave iii pivoted at exactly the .786 also supports that theory w/ the potential butterfly shown.
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