EWFHendra
Elliott Wave View: Russell Should Extend Lower
Elliott Wave sequence in Russell (RTY_F) from May 6, 2019 high (1621.9) appears incomplete favoring further downside. The bounce to 1571.5 in the Index ended wave X. Index has extended…
Elliott Wave View: Dow Jones Future YM_F Rally Should Fail
Short term Elliott Wave view on Dow Jones Future (YM_F) calls for the bounce to 25952 as wave ((B)). This move higher is a correction to the decline from April…
Reserve Bank Australia Will Consider Rate Cut
In a speech to the Economic Society of Australia today, Reserve Bank of Australia (RBA) governor Phillip Lowe gave the strongest indication that the bank will cut cash rate in…
Elliott Wave View: Oil Looking for Further Downside
Elliott Wave view on Oil (CL_F) suggests the move from April 23 peak ($66.6) unfolded as 5 waves which ended wave (A) at $60.04. In the chart below, we can…
Elliott Wave View: Short Term Support in FTSE
Short term Elliott Wave view in FTSE calls the move lower to 7150.9 on May 13 as wave A. This suggests that the move lower from April 23 is unfolding…
Elliott Wave View: Alibaba Has Started the Next Leg Lower
Short term Elliott Wave view in Alibaba (BABA) shows an incomplete sequence from May 4, 2019 peak. The decline from there can either unfold as a zigzag or impulsive Elliott…
Elliott Wave View Calling for Pullback in USDJPY
Short term Elliott Wave view in USDJPY calls the decline from April 25 peak (112.4) ended as wave ((A)) at 108.99. This suggests the decline from there is unfolding as…
Elliott Wave View: Nasdaq Looking to Turn Lower
Nasdaq (NQ_F) decline from April 25 peak (7879.93) unfolded as an impulsive Elliott Wave structure and ended wave ((A)) at 7290. The internal of wave ((A)) unfolded as a 5 waves impulse.…
Soybean at Risk of Further Selloff as Trade War Escalates
Summary The months-long trade negotiation between the U.S and China has failed to reach an agreement. Sticking points of the negotiation centers around intellectual property and technology transfer. The two…
