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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: SGJ who wrote (196818)	2/4/2024 10:08:16 PM
From: #Breeze	2 Recommendations Recommended By DD™ toccodolce Respond to of 207308

If the SPX and NDX start a a pullback starting next week, the SOX will need to lift against a headwinds that could last a week or two. That's why I labeled an alternate count.

To: SGJ who wrote (196818)	2/4/2024 10:30:59 PM
From: #Breeze	3 Recommendations Recommended By DD™ SGJ toccodolce Read Replies (3) \| Respond to of 207308

SMH Wave Count overlaid on the SOXL wave count. Breeze SMH Wave Count. Wave v of (iii) in play with a target of 208.46. I have Wave v of (iii) with a 61.8% price extension. Note Wave iv of (iii) retraced 38.2%. Wave iii of (iii) was a 1.618 multiple of Wave i of (iii) SOXL Wave Count. From the Oct low, I mirrored the SMH wave count. Wave iv of (iii) retraced 50% and came close to overlapping Wave i of (iii). Wave v of (iii) has a target of 42.93 with a 61.8% price extension. Wave iii of (iii) was a 1.318 must of Wave i of (iii). A word of caution Wave five can truncate. tradingview.com