Steve Miller on $WYNN (Nov 6, 2026)

Win and Baidu are interconnected. The Chinese market has performed better because China is working to stabilize those markets and making it easier for banks to help companies or individuals invest in stocks.

Therefore, the Chinese market performed better. Now, Wynn is linked to this because of its gambling activities in Macau. The stock often trades in line with China or with Chinese stocks.

Wynn announced its earnings this week, and the results weren't great. When you look at Winn's graph, you can see that he performed very poorly. The stock has fallen sharply, but now when you look at the weekly chart, see what has happened.

You can see that the shape here has changed. Even after disappointing earnings, you can see that the stock is on the rise. Here you can see an upward shift in weekly momentum. All of this points to a bottom-forming process taking place here on the weekly chart.

When you look at Wynn's daily chart, look at the cyclical patterns here. There's a nice rhythm here. This is a very negative and left-leaning move, then the arrow breaks downwards, almost perfectly reaching this cyclical pattern, then resumes its upward movement.

You can see that the options bias indicator, which was negative, has now turned yellow, which means neutral. The reversal detector has turned upwards, and the Slim Ribbon PO indicator has become neutral after all these negative signals and conditions that I have seen here.

It seems to me that Wynn's stock has formed a bottom.

Now, would you like to buy here while it is at the resistance level and has already risen from 71 to 84? I don't want that. What I want to do is wait for some opportunities when the price drops.

You can see the starting gap here where there was a downward trend, then an upward gap occurred, followed by another upward gap. Therefore, this is a very promising graph.