U.S. Stock Market Surged as November Payroll Smashed Expectation
U.S. stock market surged as November Nonfarm Payroll came out strong at 266,000. Unemployment rate also fell to 3.5%, which is at 50-year low since 1969. The result smashed the…
Elliott Wave View: GBPUSD Should Remain Supported
Short term Elliott Wave view on GBPUSD suggests the rally from November 9, 2019 low is unfolding as a 5 waves impulsive Elliott Wave structure. On the chart below, wave…
Elliott Wave View: SPX Correction in Progress
Short term Elliott Wave view on S&P 500 (SPX) suggests the rally from August 6, 2019 low is unfolding as a 5 waves impulsive Elliott Wave structure. On the chart…
Elliott Wave View: GDX Rally Remains Corrective
Short term Elliott Wave view on Gold Miners ETF (symbol: GDX) suggests it is now correcting cycle from November 1, 2019 high (28.22) as a double three Elliott Wave structure.…
Global Indices Should Remain Resilient Despite Geopolitical Threat
Despite Beijing's objection, President Trump has gone ahead and signed two bills backing Hong Kong's protesters into law. Beijing has continuously voiced strong objection against the legislation as China sees…
Elliott Wave View: FTSE Bullish Sequence Favors Higher
FTSE shows a bullish Elliott Wave sequence from October 3, 2019 low favoring further upside. The rally from October 3 low is unfolding as a double three Elliott Wave structure.…
Elliott Wave View: Russell (RTY_F) Ending Wave 5
Rally in in Russell 2000 (RTY_F) from October 3, 2019 low is unfolding as 5 waves impulsive Elliott Wave structure. The chart below shows wave ((iv)) of the impulse ended at 1579.28. Index…
Elliott Wave View: Nasdaq (NQ_F) Extending Higher as Impulse
Elliott Wave View in Nasdaq (NQ_F) suggests that the rally from October 3, 2019 low is unfolding as 5 waves impulsive Elliott Wave structure. On the chart below, we can see wave 3…
Will the Passing of Hong Kong Human Rights and Democracy Act Threaten Stock Market Rally?
Some market participants worry that the passing of Hong Kong Human Rights and Democracy Act can reverse the gain in stock market. Both the US Senate and House of Representative…