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Elliott Wave View: DAX Has Reached Minimum Target
Read MoreDAX has reached the minimum target from Feb 19 peak and may see slowing down of the selloff and consolidate soon. This video look at the elliottwave path.
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Elliott Wave View: BAC Looking for More Downside
Read MoreBAC shows impulsive structure from December 2019 high, favoring more downside. This article and video look at the Elliottwave path.
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Elliott Wave View: Nike Rally Expected to Fail
Read MoreNike (Ticker: NKE) shows an incomplete sequence from January 22, 2020 high suggesting further downside is likely. The decline from January 22 high is unfolding as a double three Elliott Wave structure where wave ((W)) ended at 85.15 and wave ((X)) ended at 94.98. The stock has resumed lower within wave ((Y)) and the internal […]
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Oil Craters 30%, How Low Can It Go?
Read MoreOPEC’s failure to strike a deal to cut production output with Russia caused Saudi Arabia to slash oil’s prices in an all-out price war. US West Texas Intermediate Crude plunged more than 30% to $27.9 per barrel while Brent crude futures cratered 29% to $32 per barrel. On Saturday, Saudi Arabia announced a huge price […]
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10-Year Treasury (ZN) Drops Below 0.5% As Fear Grips Market
Read MoreOver the weekend, a series of events has rocked the market. Investors continue to brace for economic fallout as coronavirus continues to spread around the world. Outside Mainland China, Italy now has the highest infection rate and death toll. It has imposed draconian measure similar to China by locking down Lombardy region and 14 other […]
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Elliott Wave View: Ten Year Notes (ZN_F) in Impulsive Rally
Read MoreShort term Elliott Wave view in Ten Year Notes (ZN_F) suggests the rally from December 2019 low is unfolding as a 5 waves impulsive structure. Up from December 13, 2019 low, wave ((1)) ended at 131.29 and wave ((2)) pullback ended at 130.07. Wave ((3)) rally then ended at 136.23 and this can be seen […]