Hi YXI friends,
Please review today’s chart analysis for AAPL, RIOT, AMD, UNH, and CRWD.
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Table of Contents
0) S&P 500 (SPY ETF)
Historical average forward 10-day returns, a heatmap
S&P 500 (SPY) will enter a more bullish seasonal period in the final third of October.
1) AAPL
AAPL is pulling back in wave circle-iv, having completed the wave circle-iii target just under $260.
I expect wave iv to end in the mid-230s, with the 50-day MA being a significant support.
2) RIOT
RIOT has finally reclaimed the 2023 high. Wave (3) can take RIOT above $80 in the medium term (1 year+).
2.5) Promotion: Crypto Machine Learning, Advanced Analytics
Crypto Machine Learning
I run a daily machine-learning model service on Slack for Bitcoin (BTC), Ether (ETH), Solana (SOL), Coinbase (COIN), and Robinhood (HOOD), hosted by Cestrian Capital Research.
Liquidity and Market Analytics
I have also been using advanced crypto analytics for crypto (including alts) on RJ Alpha Dashboard. I am their first official business partner.
3) AMD
My concern is that AMD may have topped in all 5 waves since the April low. There is a rising risk of a near-term gap fill down to the 50-day MA.
4) UNH
The crash since late 2024 was in a 5-wave form. This means the bears are still structurally in control.
The current rally risks facing significant resistance at $400, where we see have the 200-day MA as well as the 100% extension of wave (a).
5) CRWD
CRWD has reclaimed the July high. It appears to be moving in wave circle-iii of a larger wave 3. $845 is my medium-term target (1-year).
