Dow Jones (INDU) forecasting the rally & buying the dips

Dow

Hello fellow traders. Here's a short capture from the Strategy of the Week video 10/16 2016 held by EWF Senior Analyst Daud Bhatti. Daud presented Elliott Wave count of Dow Jones Industrial Average and explained the swings structure. The Index was having incomplete bullish swings structure in the cycle from the January 21st low. Our Elliott Wave Forecast suggested further rally once X rec pull back completes. In shorter term INDU was correcting the rally from the 17063 low. Decline from the … [Read more...]

IYR ( U.S. Real Estate ETF ) short term bounce

IYR 10 21

IYR is the iShares Dow Jones U.S. Real Estate ETF that tracks a market-cap-weighted index of US real estate equities listed on the major US exchanges giving an exposure to U.S. real estate companies and REITs , which invest in real estate directly and trade like stocks . After ending a cycle on 7/29/2016 ( 85.80 ) , IYR started correcting the cycle from February low showing 5 swing incomplete bearish sequence calling for one more swing lower after the small pullback in the 6th swing to … [Read more...]