There is not a lot of green in the PM today, after a euphoric day yesterday for the market at +3.3% for the $SPY and +4.1% for the $QQQ.
After every strong day like this, a cooling down day typically follows.
However, it is the opposite for $OSCR because it finished the day red yesterday and came within touching distance of the Subwave 4 level on the 0.38 Fib.
We also know that the 200 Day MA for $OSCR is also at $15.93, which is very close.
At the opening we could see a flush down to this range and if we get a hold, we could see subwave 4 complete and then move into Subwave 5 as shown to $19.
Let's assume that subwave 5 completes at the 2.618 green fib....the amber fib levels then reflect the abc pull back support levels.
Our aim will be to add again around $15 on the amber 0.5 Fib.
Simple
PhillipC
2025-05-14 02:31:07 +0000 UTCSid
2025-05-13 11:34:48 +0000 UTCGareth Neary
2025-05-13 10:08:08 +0000 UTCDante
2025-05-13 10:07:11 +0000 UTC