Big diamond top forming-
Either
1. We continue this bullish momentum until we hit top right of diamond (around 533-540 range) beginning of November
1a. From here we go down (495-500ish), bounce and go back up and break out of the diamond
1b. We go down (495-500) consolidate at the end of the diamond and fall at earnings
2. We go down to the bottom of the diamond one last time around $474 then continue on up to the top right diamond trendline (533-540)
2a. From here we go down (495-500ish), bounce and go back up and break out of the diamond
2b. We go down (495-500) consolidate at the end of the diamond and fall at earnings
3. less than stellar October earnings of the overall market drag us down and out of the diamond early causing a nice big crash, but Costco December earnings help put us on new bullish reversal momentum.
Either
1. We continue this bullish momentum until we hit top right of diamond (around 533-540 range) beginning of November
1a. From here we go down (495-500ish), bounce and go back up and break out of the diamond
1b. We go down (495-500) consolidate at the end of the diamond and fall at earnings
2. We go down to the bottom of the diamond one last time around $474 then continue on up to the top right diamond trendline (533-540)
2a. From here we go down (495-500ish), bounce and go back up and break out of the diamond
2b. We go down (495-500) consolidate at the end of the diamond and fall at earnings
3. less than stellar October earnings of the overall market drag us down and out of the diamond early causing a nice big crash, but Costco December earnings help put us on new bullish reversal momentum.