GE looking for a bottom in wave C. Looking at ~6 to 6.3 for bottom based on wave structure right now
See prior update below
Link to prior updates linked below.
Have a great day
From a macro top-down framework, the current environment heavily favors the bears. The leading data continues to show expected weakness in the economy over the coming 3-6 months. I would love to hear your feedback, have a wonderful day!
I believe a hawkish Fed will be a policy error but it will help regarding trade negotiations.
A chart perspective of Boeing.
From a top-down view of the economy, we are seeing an expansionary environment albeit at a slower pace. Using net income versus operating expenses Facebook is the cheapest its been since its inception back in 2012. Near term headwinds are likely to prevail in tandem with the broader averages and a near term target of $144 is likely before we move higher into our...
Quick follow up from last week, AMD is looking very weak. We are likely to see a breakdown today which will open up the $12 target on this final C wave lower.
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This a follow-up to the GE idea about the downtrend it started on May '17 through May '18. GE just broke down another support level at $12.60 after failing to even test the $14 mark. Right now the support break tells us that the stock is still weak, but it is still a little early to call it a bankruptcy confirmation. The stock is weak and would not be a great idea...