Messy bottom - Shopping Spree

Jan 27, 2022 - 8:40 AM EST

Um, about that overnight action... yeah.

I have same purple alt (iv) (#BlameGarrett) that Avi shows. This could be some sort of funky alt i-ii of an ED down for (v) but, that projects lower than ideal in ES although it looks a little more reasonable viz the expanded flat for ii on NQ. I am still open to this being part of a wave (i) of circle i of 5 off Monday's low, but that needs to PROOVE. Either way it is limited to being a diagonal, either a small LD for (i) and this is working on starting a iii up rather than c (same c as purple alt (iv)) or that same c of the purple alt (iv) could be abc up for (i) of a larger LD for circle i itself.

I am hedged (not as much as before) for the potential of OML but I also recognize the the risk skew here strongly favors the upside. Today in the weekly StockWaves webinar Garrett & I will be presenting our "2022 Shopping List".

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Girl with personality

Girl with personality

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Zac Mannes is a senior analyst at ElliottWaveTrader.net and co-host of the site's Stock Waves service, which provides wave alerts and trade set-ups on individual stocks.

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