Another Mega Cap that got caught up in the rotation into Small Caps this week and this should not be too surprising for many, these Mega Caps are deep in Wave 5 and we have large insider sells in $AMZN from Bezos too, they are aware that a top is coming.
That being said, there is no breakdown either just yet and there is no reason why this can not have one more leg up to complete this impulse wave.
Earnings for the Mega Caps are coming in soon and this will shine some light on their valuation.....but ultimately, the top will come and a pull back will take place, then we take full advantage.
Gareth Neary
2024-07-14 18:16:12 +0000 UTCDamien O'Sullivan
2024-07-14 08:39:05 +0000 UTC