$LVS Long-Term Update

The last time I discussed $LVS was here. In that post, I thought a low of some significance was being put in, and I gave a tentative target, which was met.

Since then, even lower lows have been made and it’s developing a long-term structure that I think I can count. From the GFC low to the 2014 high looks to be a large impulse wave. From that high, we seem to have fallen in 3 waves, the last of which (primary [pink] “C”) may be an ending diagonal. It is near an important fib that would support a “Wave 2.” If it does find support here, it may now rally to the orange box above for cycle (yellow) “3.”

LVS


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