Elliott Wave View: Correction in Russell Should Find Buyers
Short Term Elliott Wave view on Russell (RTY_F) suggests that the Index ended wave 2 at 1463.14. The Index then resumes higher and ended wave 3 at 1613.60. The internal…
Elliott Wave View: Impulsive Rally in 10 Year Notes (ZN_F)
Short Term Elliott Wave view on Ten Year Notes (ZN_F) suggests that the decline to 128 ended wave w. Wave x bounce is unfolding as a zigzag Elliott Wave structure.…
Elliott Wave View: Further Downside in Exxon Mobil
Exxon Mobil (ticker symbol: $XOM) shows an incomplete 5 swing Elliott Wave sequence from April 23, 2019 high favoring further downside. In the short term chart below, we can see…
Elliott Wave View: DAX Resumes Higher
DAX shows an incomplete Elliott Wave sequence from December 27, 2018 low favoring further upside. The rally from August 15, 2019 low (11266.48) is unfolding as an impulse Elliott Wave…
Elliott Wave View: Rally in Oil (CL_F) Remains Corrective
The rally in Oil (CL_F) from October 3 low ($50.99) looks overlapping and corrective. This suggests the current rally is likely not a new bullish cycle. The structure of the…
Elliott Wave View: USDJPY Remains Supported
Elliott Wave View on USDJPY suggests the rally from October 3 low is unfolding as a leading diagonal. A leading diagonal is one form of a 5 waves move with…
Gold Suffered Biggest Weekly Drop in 3 Years on Trade Prospect
Gold hit a three-month low last Friday as the metal loses its luster with increasing prospect of US-China phase 1 trade deal. Spot Gold was down 3.7% last week, its…
Elliott Wave View: Bullish Sequence in DAX Favors Higher
Elliott Wave View on DAX suggests that the sequence in the Index from December 27, 2018 low remains incomplete. On the short term chart below, the pullback to 11878.98 on…
Elliott Wave View: Nasdaq Strength to Continue
Short Term Elliott Wave View on Nasdaq Futures (NQ_F) shows 5 waves impulsive Elliott Wave rally from October 3, 2019 low. On the chart below, we can see the pullback to…