Hi YXI friends,
Please review today’s chart analysis of MSFT, RIOT, PYPL, FANG, and V. Going forward, I will combine my TSLA ML-model signals with this report.
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Table of Contents
S&P 500 (SPY ETF)
SPY’s uptrend remains remarkably steady. Volatility has ticked higher recently but still sits below its 1-year average. This is a healthy backdrop for trend continuation.
Since mid-May, SPY hasn’t closed below its 50-day MA once, marking one of the longest bullish streak in years.
1) MSFT
Today, MSFT announced a deal with OpenAI. The agreement allows OpenAI to restructure into a public benefit corporation, after which Microsoft would hold a stake of about $135 billion, or 27%.
MSFT has moved up 2% today, potentially underway in wave (iii) of circle-v here. Because of the a-b-c structure of wave (i) of circle-v, the shape of the final climb could be an ending diagonal, where wave (iv) overlaps wave (i) down the line.
Wave circle-v has an overall target of around $600.
2) RIOT
Having more than tripled since the April low, RIOT appears to be progressing in wave 3 of (3).
Wave 3 has a target of $35+, which could align with a broader crypto rally into the year end.
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3) PYPL
PYPL gapped higher today after the OpenAI news.
PayPal is working with OpenAI to add its payment system to ChatGPT. This makes PayPal the first digital wallet you can use on ChatGPT.
Starting in 2026, PayPal users can buy things directly through ChatGPT. PayPal sellers can also list and sell their products on ChatGPT without needing a separate OpenAI account.
This price jump likely indicates wave (iii) of 3 underway, with a near-term target of $82+.
4) FANG
FANG saw a 5-wave decline in 2024, which could be wave circle-a of a larger-degree wave 4 correction.
However, it appears now due for a wave (c) bounce inside wave circle-b. The bounce could challenge $190, but may not make a new high straight away.
5) V
Visa reports earnings tonight. There is a chance that wave 4 has not sufficiently completed. If we get a pullback below $310, it is an attractive entry for wave 5 of (3). Wave 5 could target $420+.
Referals
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