$LULU
Added 2024-03-22 23:39:52 +0000 UTC$LULU pulled back to $387 today and managed to hold support and finish the day at $403 and at $405 now in the PM.
We added as close to the bottom as we could today and got some returns to end the day
But on closer inspection.....$LULU came within $1 of invalidating this entire structure....the red line is at $386....meaning, if $LULU went $1 lower, it would have infringed on Wave 1 and would have broken the rules of an impulse wave and this structure would not be valid.
So $LULU had to hold at $387
Last time I saw something comes this close was on the $SPX on the last day of October in 2023....it came within a whisker of becoming invalid....meaning the market had to bounce on the 1st of November......and it jumped MASSIVELY on the monday and has ran for 5 months since.
If $LULU can bounce from here, it is going to our Wave 5 target....it needs to stay above $387
Comments
If there are any new levels based on the recent PA
Viki
2024-03-25 17:55:54 +0000 UTCWhat needs to be updated here?!
Gareth Neary
2024-03-25 16:45:30 +0000 UTCAny updates on this ?
Viki
2024-03-25 16:39:02 +0000 UTCLike watching a thriller synopsis, but instead of one person’s life it’s literally every human invested into the US stock exchange. Wild.
Chris H
2024-03-23 21:53:25 +0000 UTC
