GE's rally blew past the 38.3% retracement levels and edged past the 50% retracement level. Elliott wave structure looks like a nearly complete zag of a zig-zag. $32.73 is the target area coresponding to a 61.8% retracement.
LMT's momentum is waning as it approaches the $55 level. The last two days have been upward, but a clear 5 wave pattern is difficult to detect, as would be leading up to a rounded top.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.