SPX fell below 4400 on Thursday after completing wave ii (encircled) of a flat. With a potential 5-wave leg starting, investors should focus on the 4358 low as its break could be seen as bearish.
Netflix plummeted from 330 dollars down to 225 following its release. The volumes seen printed in the charts hint at a wave 3 impulse, which may suggest the stock could experience further pressure as it could be correcting in supercycle wave II.
Sugar may be down in the short term, but if the volumes are taken into account, we might be looking at an early impulse signal. Since the expectation is for a primary wave C completion, more upside could be seen in the medium term.
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Daily Elliott Wave Forecast: SPX, NETFLIX, SUGAR (22.04.2022)
SPX fell below 4400 on Thursday after completing wave ii (encircled) of a flat. With a potential 5-wave leg starting, investors should focus on the 4358 low as its break could be seen as bearish.
Netflix plummeted from 330 dollars down to 225 following its release. The volumes seen printed in the charts hint at a wave 3 impulse, which may suggest the stock could experience further pressure as it could be correcting in supercycle wave II.
Sugar may be down in the short term, but if the volumes are taken into account, we might be looking at an early impulse signal. Since the expectation is for a primary wave C completion, more upside could be seen in the medium term.
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
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