We have started to see the Mega Caps lose steam this week again and some rotation into small/medium stocks, especially the finance sector and stocks that have been beaten down over the last few months.
$ZM, $SQ, Airlines, Hotels, Crypto and Crypto mining have all experienced a strong 2 weeks, while the Megas plateaued, this has been good to see and the $IWM has enjoyed a strong bounce on its support line too.
I would like to see this continue next week too and for $AAPL and Co to continue pulling back to their respective Fib levels as shown on their charts, this will further help a lot of the popular stocks we have been watching.
I want to see $AAPL at least pull back to the blue line which is on the 0.38 Fib now at $182.
Once Subwave 2 is complete, we will have a more accurate projection of where Wave 5 will complete.