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u/Gyngerbredman 1 day ago Discussion

Wave Theory Levels for SPY & NVDA (Week Ending Oct 9)

NVDA Elliott Wave (daily): $243.37 was wave 1 of iii; wave 2 of iii is pulling back, with a low of $229.11 so far (41% retrace). Holding above $208.93 keeps the next leg at $247–252, then $254–264. Reclaim $237 to confirm. If it goes deeper, $226 / $222 are the support zones. Invalidation $208.93. Not financial advice. SPY Elliott Wave (daily): Still counting the run from the Apr '25 low as wave 5, an ending diagonal now in sub-wave (v). Closed the week at $778.57, just under the $781.62 high. A break above $781.62 targets $784–798, capped near $812. RSI is still diverging. Losing \~$760 / $758.79 likely puts the top in, with $717–723 next. Below $749.60, wave 5 is done. Not financial advice.
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