$SIVB Should Be in its 5th Intermediate Wave

$SIVB has two distinct peaks from the March 2020 low. After a long sideways consolidation, it has begun advancing again. It’s never very clear how high 5th waves can go, so we will simply have to count the waves as we go along. It appears to have completed a first impulse wave, and may have a pullback to the orange box.

SIVB


Note: When articles are first published, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced (or to join my Discord chatroom), please consider becoming a patron. Note that there is a 7-day free trial period. More information may be found on my About page and on my Patreon page.