BAC has ended wave (4) correction and expected to extend lower. This article and video looks at the short term Elliottwave path.

Short Term Elliott Wave view in S&P 500 ETF (SPY) suggests the rally from March 23, 2020 low low is unfolding as a 5 waves impulse. Up from 3.23 low (218.26), wave (1) ended at 263.7, and pullback in wave (2) ended at 242.94. Index has resumed higher in wave (3) as another 5 waves […]

Rally in Nasdaq from April 8, 2020 low appears impulsive, favoring more upside. This article and video looks at the Elliott Wave path.

Decline from April 23, 2019 high in Oil (CL_F) remains in progress as a 5 waves impulse. Down from April 23, 2019 high, wave (1) ended at 50.6 and wave (2) bounce ended at 65.65. Oil then resumed lower in wave (3) to 19.46, and wave (4)  bounce ended at 29.21. Short term chart below […]

Indonesian Rupiah eased to 15,800 per US dollar last Friday after inching closer to break the 1998 Asia crisis peak at Rp 16,850. The high this month at Rp 16,738 came very close to break the previous all-time high. The COVID-19 pandemic prompted investors to dump emerging market currencies. The money flows to safe haven […]

Tesla rally from 3.19 low is unfolding as an impulse and the stock can see more upside. This video looks at the Elliott Wave path.