Market Analysis for May 3rd, 2021

Sharing last bonus for today, want you to some time to do homework here to see if it fits your own assessment:

I think I mentioned CVS a couple months ago. Either way, it's still doing the same ongoing multi-month breakout pattern

Decent risk vs reward...intermediate-long term swing long.

Looking for $100-110 tgt. Now, $78 CVS

Likely too weak/wrong if below $65....meaning more consolidation ahead instead of breakout

CVS MAY3_WEEKLY
CVS MAY3_WEEKLY
CVS MAY3_MONTHLY
CVS MAY3_MONTHLY
Ricky Wen is an analyst at ElliottWaveTrader.net, where he writes a nightly market column and hosts the ES Trade Alerts premium subscription service.