$SPX WEEKLY flat20160715090140

As Humans, we tend to form a worldview about everything. For generations, many great individuals have fought wars and lost lives because they have a firm belief in a particular worldview. The same thing can be applied in trading. In the world of trading, we too tend to have particular view about the direction of the market. However, as […]

  • $DAX Short-term Elliott Wave Analysis 7.7.2016

    $DAX Short-term Elliott Wave Analysis 7.7.2016


    Short term Elliottwave structure suggests Index ended wave X bounce at 10340. Decline from there is unfolding as a double correction where wave (W) ended at 9226.15 and wave (X) bounce ended at 9808.77. Near term wave ((w)) is proposed complete at 9310, and wave ((x)) bounce is in progress to correct the decline from 9808.77 in 3, 7, or […]

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  • $DAX Short-term Elliott Wave Analysis 7.6.2016

    $DAX Short-term Elliott Wave Analysis 7.6.2016


    Short term Elliottwave structure suggests Index ended wave X bounce at 10340. Decline from there is unfolding as a double correction where wave (W) ended at 9226.15 and wave (X) bounce is proposed complete at 9808.77. Near term wave (a) is expected to complete at 9353 – 9511 area, then it should bounce in wave (b) before […]

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  • $DAX Short-term Elliott Wave Analysis 7.5.2016

    $DAX Short-term Elliott Wave Analysis 7.5.2016


    Short term Elliottwave structure suggests Index ended wave X bounce at 10340. Decline from there is unfolding as a double correction where wave (W) ended at 9226.15 and wave (X) bounce is currently in progress as a Flat structure and has scope to extend 1 more leg higher towards as high as 10000 before Index resumes the decline. As […]

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  • ( US-Steel-AKS-Nucor ) Fundamental & technical analysis

    ( US-Steel-AKS-Nucor ) Fundamental & technical analysis


    In this technical blog we are going to take a look at Fundamental & Technical point of view of US steel. The steel industry continues to face a challenging economic environment due to the economic slowdown in China, volatility in financial markets, slow growth in global trade, and low prices of oil and other commodities. […]

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  • World Indexes:The Never ending Bull Market

    World Indexes:The Never ending Bull Market


    Many Traders after the 2008 decline around the World Indexes have developed this idea that Indexes need to crash and see a decline bigger than the one seen in 2008. We at Elliottwave Forecast, have never agreed with the Idea and have always been bullish the Indexes, not only due to the Technicals but also due to […]

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  • S&P E-Mini (ES_F) Short Term Elliott Wave Update 5.21.2015

    S&P E-Mini (ES_F) Short Term Elliott Wave Update 5.21.2015


    Decline to 2057.41 completed wave X. Wave ((w)) rally from this level is unfolding in the form of a double correction (w)-(x)-(y), where wave (w) ended at 2113.5 and wave (x) ended at 2079.25. In our previous Chart of The Day at 5/19/2015, we said the last leg wave (y) is in progress towards 2136.43 – 2149.86 […]

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