Elliott Wave View: Nike Resumes Rally Higher
Nike (ticker: NKE) shows a higher high sequence from June 3 low ($76.91) favoring more upside. Rally from June 3 low to June 11 high (84.33) unfolded as an impulse…
Elliott Wave View Calling for More Upside in Nasdaq
Nasdaq Futures (NQ_F) shows a higher high sequence from June 4 low, favoring further upside. Short term, rally to 7600.75 ended wave (1) and pullback to 7421.48 ended wave (2).…
Elliott Wave View: Dow Jones Futures (YM_F) Has Resumed Higher
Dow Jones Futures (YM_F) broke above June 10 high (26289) suggesting that the next leg higher has started. The Index is now showing an incomplete sequence from June 3 low…
Facebook Cryptocurrency Project Can Propel The Stock to New All-Time High
Various sources believe that Facebook will unveil a new cryptocurrency payment plan sometimes this month. The company will allow employees working on the project to take their salary in the…
Elliott Wave View: Further Weakness in GBPUSD Expected
Short Term Elliott wave view in GBPUSD suggests the decline from June 7 high is unfolding as an impulse Elliott Wave structure. Down from 1.276, wave (i) ended at 1.265…
Australian Dollar Extends Weaknesses
Australian Dollar dropped further last week as unemployment figure came out higher than expected at 5.2%. The consensus has been for a dip to 5.1%. Australian unemployment rate has now…
Elliott Wave View: Apple (AAPL) Has Started Correction
Short Term Elliott wave view in Apple (AAPL) is calling the decline to 170.44 on June 4 as wave I. Wave II bounce is currently in progress to correct cycle…
Elliott Wave View: Dow Jones Futures Correction to Find Buyers
Elliott wave view in Dow Jones Futures (YM_F) suggests that the decline to 24604 ended wave ((W)) on June 3. This decline ended the cycle from May 1 high as…
Elliott Wave View Calling for Extension Higher in Oil
Elliott wave view suggests the decline to 50.58 in Oil ended wave ((1)). Up from there, the rally unfolded as a 5 waves impulse Elliott Wave structure. Wave 1 ended at 52.32, wave…
