Wes Pike
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Wes Pike
Financial market analyst specializing in wave theory to quantify and project market movement. Skilled in forecasting across a broad section of securities including the main stock indices and ETFs, popular individual tickers, major market cap crypto names, and the shiny metal/miner industry.
236Posts
49Comments
367%Best ROI
Joined on 13th December 2024
HD long entry based on the analysis just posted.
Sold 100%
The Home Depot, Inc.
7 Mar 2025
LONGInvested Capital
10.5%
Buying Price
385.8$
Selling Price
377.8$
ROI
-2.09%
QQQ 15 min update
Unfortunately, wave counts point in completely opposite directions right now! I very very rarely show market projections this "binary", but that is exactly where we are in this current environment. A weak close (even just closing right here) boosts bull probabilities in a significant way.
I can't get long right here (in fact I exited the remaining 3/4 expiry QQQ calls right on the open today), but I'll alert anything long near the close, only *IF* we can get a closing push. Otherwise, it is very wise to preserve your capital here.
AMZN Daily update
This chart represents the uncertainty that I see out there right now.
1. Many stocks are at potential bottoming levels and structures, so the white immediate bullish count could have markets bottoming here and stocks like AMZN ready to rocket upwards. We would also see growth stocks heavily recover (see my ARKK weekly post).
2. Because of the heavy selling that ended last week we do have to keep deeper pullback counts in mind though. One possibility is that stocks and general markets correct against August lows. That would be the green count. But the other much more bearish intermediate term possibility is stocks and indices correct against late 2022 or early 2023 lows in blue here.
