enph bearish pressure elliott wave safeguard demand

$ENPH was briefly pinned just below its 20-day moving average on a low-volume Friday. Looking for a 50-day test and some bearish pressure next week. Not a fan of its price but the chart seems to follow Elliott Wave patterns. A key factor is the wave of safe harbor demand, expected around early July due to a specific Wall Street announcement in Q1. Watch how other markets perform too. The indices did break above the 20-day line again. Still, there might be political boosts for markets around July 4th—just a guess. Going medium might help if Democrats win the midterms. Keep an eye on volume during any downturns. A big block trade happened Friday evening, likely a repositioning after selling around $72 earlier. Staying neutral because it's tough to pick a side right now.