Elliott Wave View: Oil Futures (CL) Looking to End Flat Correction
Elliott Wave View in Oil Futures (CL) shows that it has ended wave ((4)) pullback at $36.89. This wave ((4)) is part of the cycle starts from April 22 low…
GDXJ (Gold Miners Junior) Correction Maybe Completed
Gold and related Index such as Gold Miners Junior (GDXJ) maybe ready to make the next move higher. The next important catalyst in the market is the US election and…
Elliott Wave View: Impulse Rally in EURUSD Favors More Upside
Elliott Wave view in EURUSD suggests that cycle from September 25 low is in progress as a double three structure. Up from September 25 low, wave W ended at 1.1831…
Elliott Wave View: Near Term Support for Russell 2000 Futures (RTY)
Elliott Wave view in Russell (RTY) suggests the rally from September 24 low unfolded as an impulsive Elliott Wave structure. Up from September 24 low (1426.20), wave 1 ended at…
Elliott Wave View: Impulsive Rally in IBEX
Elliott Wave view in IBEX suggests the decline to 6552.17 ended wave (1). Wave (2) rally is currently in progress as a zigzag Elliott Wave structure to correct the decline from…
Elliott Wave View: Nasdaq Futures (NQ) Extends Higher
Elliott Wave view in Nasdaq Futures (NQ) suggests the pullback to 10665.49 ended wave ((4)). The Index has resumed higher in wave ((5)) and the rally from wave ((4)) is…
Elliott Wave View: Facebook (FB) Reaching Support Area
Elliott Wave view in Facebook (FB) calls the rally from September 21 low as a 5 waves impulse Elliott Wave structure. In the short term chart below, wave 2 is…
Elliott Wave View: Dow Futures (YM) Looking to Extend Higher
Elliott Wave view in Dow Futures (YM) suggests that the rally from March 23, 2020 low remains in progress as a 5 waves diagonal Elliott Wave structure. In the 45…
Is Fiscal Stimulus the Next Catalyst for US Dollar Decline?
The second stimulus bill currently under negotiation may be the next catalyst for the decline in US Dollar. The negotiation between Democrat and Republican gained urgency last week as President…