Russell 2000 (RTY) Soon Will Open Bearish Sequence
Russell 2000 (RTY) is close to breaking below 6.16.2022 low at 1640.70. A break below that level will open a bearish sequence from 11.8.2021 peak favoring further downside. Short term…
A Closer Look at PepsiCo’s (PEP) Daily Correction
PepsiCo (NASDAQ: PEP), has been facing a challenging environment in the recent 2 years. With the continued uncertainty and volatility in the market, the stock’s long-term growth potential is under…
S&P 500 (SPX) Looking to End Diagonal
Short term Elliott Wave View in S&P 500 (SPX) suggests that cycle from 7.28.2023 high is in progress as a diagonal structure. Down from 7.28.2023 high, wave 1 ended at…
Alphabet Inc. ($GOOGL) Reacting Higher From Blue Box Area.
Hello everyone. In today’s article, we will look at the past performance of the 1 Hour Elliott Wave chart of Alphabet Inc. ($GOOGL). The rally from 9.26.2022 low unfolded as…
IONQ Favors Further Weakness In Zigzag Correction
IONQ Inc., (IONQ) engages in the development of general-purpose quantum computing systems in the US. It sells the access to quantum computers of various qubit capacities. The company makes access…
Gold Miners Junior (GDXJ) Should At least See 3 Waves Rally
The VanEck Vectors Junior Gold Miners ETF (GDXJ) is an exchange-traded fund that provides exposure to the stocks of small to mid-sized companies involved in the exploration and production of…
Cisco (CSCO) Should Make One More High Before a Big Correction
Cisco Systems, Inc., commonly known as Cisco (CSCO), is an American-based multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products. At the end of…
Dow Futures (YM) Pullback May Find Support
Short Term Elliott Wave in Dow Futures (YM) suggests the decline from 7.27.2023 high has ended with wave (W) at 33014. The Index is now correcting that cycle in wave…
$LMT : Pullbacks in Lockheed Martin Remain Supported
Lockheed Martin is one of the the largest defense, arms and aerospace companies based in the United States and the world. It employs approximately 110’000 people worldwide. The company operates…
