Early update on SOL. Looks like she's pushing the wave into the next fib as mentioned yesterday at $139-$140. Above $142 next meaningful resistance is $159. Rather than get ahead myself...We're due for a consolidation or a decline of at least several days. We have strong support at $120 $116 and $108. However the way SOL has extended it would not shock me if all we got was a high consolidation and then a tag of $139-$140 before a wave iv....followed by wave v of 1 to $159 ish. After wave 1 completes we will watch the wave 2 decline. Needs to take an ABC structure and hold $108.
IMPORTANT: IF WE GET A DECLINE AFTER WAVE v of 1 AND THEN THE WAVE 1 TOP IS BREACHED....DO NOT SHORT OR SELL. SOL WILL HEAD TO NEW HIGHS WITH LITTLE TO NO RETREATS. PATIENCE!
I'M UP OVER 50% IN WEEKS. GOOD TIMES.
MAIKISCH
IMPORTANT: IF WE GET A DECLINE AFTER WAVE v of 1 AND THEN THE WAVE 1 TOP IS BREACHED....DO NOT SHORT OR SELL. SOL WILL HEAD TO NEW HIGHS WITH LITTLE TO NO RETREATS. PATIENCE!
I'M UP OVER 50% IN WEEKS. GOOD TIMES.
MAIKISCH
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