Elliott Wave View: EURJPY Remains Under Pressure
EURJPY shows an impulsive Elliott Wave structure from July 1, 2019 high (123.36). On the chart below, wave ((iii)) of that impulse ended at 116.5 and wave ((iv)) bounce ended at…
Gold Broke to New All-Time High Against Most Major Currencies
Great Year for Precious Metals Year 2019 certainly has been a good year for the Gold bulls. The metal accelerated its rally after President Trump announced 10% tariffs on the…
Elliott Wave View: Ten Year Notes (ZN_F) Resumes Higher
Short Term Elliott Wave structure in 10 Year Notes (ZN_F) suggests the pullback to 129.28 ended wave 4. The note has resumed higher in wave V. The internal subdivision of…
Elliott Wave View: Gold Likely Still Has More Upside
Short Term Elliott Wave structure in Gold suggests the rally to $1528 on August 16 ended wave 1. The precious metal then pullback to $1492 which ended wave 2. The…
Elliott Wave View: Copper Expected to Turn Lower Soon
Short Term Elliott Wave structure in Copper suggests the rally to $2.64 ended wave (2). The metal has since resumed lower in wave (3). The internal of the move lower…
Elliott Wave View: Silver Remains Supported
Short Term Elliott Wave structure from the chart below suggests the rally in Silver to $17.5 ended wave (3). The metal then pullback in wave (4) to 16.91 with internal…
Trade War Escalation Put Selling Pressure to S&P 500 (SPX)
Last week, there was anticipation of market volatility as the Fed's Chairman Jerome Powell was scheduled to speak at Jackson Hole. President Trump and China however stole the show. China…
Elliott Wave View: Netflix Structure Looking Further Downside
Elliott Wave structure in Netflix shows an incomplete bearish sequence suggesting the stock should continue to see selling pressure. On the chart below, the rally to 316.59 ended wave 2.…
Elliott Wave View: Nikkei Looking for More Downside
Short Term Elliott Wave View in Nikkei suggests the decline to 19900 on August 6 ended wave (3). The Index is currently in wave (4) bounce and the internal subdivision…
