Author: Sebastian Montague

In our exploration of the Semiconductor Index (SOX) published on May 20th, we delved into an analysis utilizing the Elliott Wave (EW) Principle, revealing an enticing trajectory for the index. We hypothesized, based on the principle’s predictive prowess, that the index was on the verge of completing a series of five ascending waves – a hallmark of the Elliott Wave theory. Our projections suggested that, following a departure from the late-April nadir, the index would navigate through an upward trajectory, indicated as the orange W-4 wave, with an envisaged target in the vicinity of $4800, give or take $100. This…