Exxon Mobil (XOM) shows incomplete bearish sequence from 6.8.2022 high looking for more downside. This article and video look at the Elliott Wave path.

Short term Elliott Wave view in Nasdaq suggests the decline to 11068.5 ended wave (3). Wave (4) corrective rally ended at 12261.78 with internal subdivision as a zigzag Elliott Wave structure. Up from wave (3), wave A ended at 11678.25 and pullback in wave B ended at 11320.50. Final leg higher wave C ended at […]

The Fed’s aggressive rate hikes to fight inflation has caused deterioration in economic outlook. Atlanta Fed’s GDP gauge now sees the second quarter running at – 2.1%. With the first quarter’s decline of 1.6%, this makes it two quarters in a row with negative GDP. This fits with the technical definition of a recession. As […]

Dollar Index (DXY) continues to make higher high and higher low and it should remain bullish. This article and video look at the Elliott Wave path.

AMD shows incomplete bearish sequence and looking for further downside. This article and video look at the Elliott Wave path.

Short term Elliott Wave view in SPY suggests the decline from 3/30/2022 high is unfolding as a 5 waves. Down from wave ((B)), wave (1) ended at 385.15, and rally in wave (2) ended at 417.44. The ETF then extends lower in wave (3) towards 362.17.  Rally in wave (4) completed at 393.16 with subdivision […]