$SMCI reporting after the bell…has the 4 month zigzag Wave 2 completed?
Note: This is an AI generated article using Chat GPT
$SMCI reporting after the bell — has the 4 month zigzag completed?
A full zigzag would have targeted 480–500 and we ended up getting 523 yesterday during the crash day in SMCI
The zigzag has been in progress since the 1225 peak and A = C is 480–500…is 523 good enough for a bottom?
If it bottomed SMCI could have an explosive move after the bell to the upside, and the entire correction would be over.
SMCI would resume a Wave 3 march to the upside which could target 1800–2000