Software Sector ETF (IGV) Analysis IGV is oversold and can bounce toward August, then down into early 2026. The decline from Sep'25 was an impulse in five waves, and the bounce since Apr'26 was in 3 corrective waves The expected multi-week bounce should again be corrective, then impulsively down The best-case scenario is the black count with a target in the 60s The worst-case scenario is the red count leading to much lower levels over several years Even under the black count, IGV can go much lower over 4 +/- years; black (C) can be Primary-A of a much bigger correction, with a Primary-B bounce into 2028 and Primary-C down into 2030.
Published Jun 26, 2026Updated Jun 26, 20262 min read
Software Sector ETF (IGV) Analysis IGV is oversold and can bounce toward August, then down into early 2026. The decline from Sep'25 was an impulse in five waves, and the bounce since Apr'26 was in 3 corrective waves The expected multi-week bounce should again be corrective, then impulsively down The best-case scenario is the black count with a target in the 60s The worst-case scenario is the red count leading to much lower levels over several years Even under the black count, IGV can go much lower over 4 +/- years; black (C) can be Primary-A of a much bigger correction, with a Primary-B bounce into 2028 and Primary-C down into 2030.
