(They are known, ridiculously, to Wall Street’s shills in the news media as ‘The Magnificent Seven’).
Here we are:
TESLA and NFLX have both exceeded the d' targets of big patterns , meaning even bigger patterns are in play now, with significantly lower targets. Tesla, currently trading around 242, will fall to 175.88. Short any rally that touches 332, stop 384. NFLX topped at 1062 and has fallen to a current 874. It will fall to at least 792.86, where you can load up the truck. Curiously, META has not quite broken down. It topped at 730.91 on Feb 24 but could fall to 444.67 if it closes for two weekly bars beneath 912 (which is $8 below the recent low). As for AAPL, another fallen bellwether, it broke down today beneath a key ‘hidden’ support at 229.64. This portends more, and almost certain, slippage to exactly 209.28. I am quite confident in these numbers, so by all means jot them down — and use them to leverage your own profit goals.
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