Z, SBUX update 9/22

Z  (ZILLOW): looks like it put in a nice 4th wave low, as we anticipated in our earlier update (See here). We therefore continue to expect price to reach low $40s.

z

 

SBUX: Could have bottomed for Primary IV with a double bottom for major c and a. That is not uncommon to happen. Price does need to move back above the upper descending trendline to confirm. Primary V will the top around $70-$75. That’s almost 50% upside from current levels.

sbux