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.