SMH Warning: Is a Major Wave ((II)) Correction Coming?
The semiconductor sector (SMH) remains supported by strong AI infrastructure spending over the next three months. Nvidia recently projected roughly 70% revenue growth for its next fiscal year. Meanwhile, hyperscaler…
Elliott Wave Perspective: SPY Finalizing Impulsive Leg Prior to Larger‑Cycle Retracement
The short‑term Elliott Wave outlook for the S&P 500 ETF (SPY) continues to indicate that the cycle from the June 27 low is progressing as a well‑defined impulse. From that…
USO Nests After Blue Box Bounce, Targets $180
USO is rebounding from historic lows as oil prices maintain their upward momentum. The fund is currently targeting its fifth swing since the May 2020 recovery, bolstered by a bounce…
MRNA Wave III Setup Signals Powerful Upside
Moderna (NASDAQ: MRNA) is showing a potentially significant bullish reversal setup on the weekly chart, with the long-term Elliott Wave structure suggesting that a major corrective phase may have ended…
$RSPH Update: Breakout Takes Shape as $40+ Target Comes Into Focus
In our previous Elliott Wave update on the Invesco S&P 500 Equal Weight Health Care ETF ($RSPH), we highlighted how the ETF was breaking out after nearly five years of…
Eli Lilly & Company (LLY) Forecast: Bullish Wave ((3)) Targets $1571 – $1755
Eli Lilly & Company (LLY) discovers, develops & markets human pharmaceuticals worldwide. It comes under Healthcare sector & trades as “LLY” ticket at NYSE. The LLY favors rally in ((3))…
Elliott Wave View: Newmont (NEM) Targets Fresh Record Highs
Newmont Mining (NEM), officially Newmont Corporation, is the world’s largest gold mining company and a leading producer of copper, silver, zinc, and lead, headquartered in Denver, Colorado. Its price movements…
XBI aims for new all‑time highs before wave ((2)) strikes
XBI holds a clear bullish structure while wave I keeps expanding. Moreover, the rally from 118 to 165 shows that institutional demand returned to biotech with force. As a result,…
$XOP Update: 7-Swing Downside Scenario Negated as Rally Toward $242+ Takes Shape
In our previous Elliott Wave update on the SPDR S&P Oil & Gas Exploration & Production ETF ($XOP), we highlighted two possible paths. The ETF could either hold the recent…