Elliott Wave View: BAC Looking for More Downside
Bank of America (Ticker: BAC) decline from December 27, 2019 high is unfolding as a 5 waves impulsive Elliott Wave structure. Down from December 27 high, wave ((1)) ended at…
Elliott Wave View: Nike Rally Expected to Fail
Nike (Ticker: NKE) shows an incomplete sequence from January 22, 2020 high suggesting further downside is likely. The decline from January 22 high is unfolding as a double three Elliott…
Oil Craters 30%, How Low Can It Go?
OPEC's failure to strike a deal to cut production output with Russia caused Saudi Arabia to slash oil's prices in an all-out price war. US West Texas Intermediate Crude plunged…
10-Year Treasury (ZN) Drops Below 0.5% As Fear Grips Market
Over the weekend, a series of events has rocked the market. Investors continue to brace for economic fallout as coronavirus continues to spread around the world. Outside Mainland China, Italy…
Elliott Wave View: Ten Year Notes (ZN_F) in Impulsive Rally
Short term Elliott Wave view in Ten Year Notes (ZN_F) suggests the rally from December 2019 low is unfolding as a 5 waves impulsive structure. Up from December 13, 2019…
Elliott Wave View: Palladium 7 swing Correction In Progress
Short term view suggests the rally in Palladium to 2814.25 ended wave (3). The wave (4) decline in Palladium is currently in progress to correct cycle from May 13, 2019…
Elliott Wave View: Further Downside in USDCHF
USDCHF shows an incomplete sequence from April 2019 peak favoring further downside and rally to fail in 3, 7, 11 swing. In the short term chart below, the bounce to…
AUDJPY at 11 Year Low Amidst Coronavirus Fear
AUDJPY sank to 11 year low last week as the market is pricing in a drastically lower Australia's growth outlook. The coronavirus outbreak around the world has disrupted everything from…
Elliott Wave View: NZDUSD In Impulsive Decline
Elliott wave view in NZDUSD suggests the move lower from 12.31.2019 high in the pair is unfolding as a 5 waves impulse. Down from 12.31.2019 high, wave (1) ended at…
