Elliott Wave View: IYR New All-Time-High in Sight
IYR is the ticker symbol for U.S. Real Estate ETF. Since the financial crash in 2009, the instrument is steadily rising and currently only $1 from breaking the 2007 all-time…
Elliott Wave View: How High Can Silver Go?
Since forming the low on November 2018 at $13.9, Silver has rallied 40% to current price of $19.4. The move higher from $13.9 low took the form of a 5…
Elliott Wave View: EURJPY Remains Under Pressure
EURJPY shows an impulsive Elliott Wave structure from July 1, 2019 high (123.36). On the chart below, wave ((iii)) of that impulse ended at 116.5 and wave ((iv)) bounce ended at…
Gold Broke to New All-Time High Against Most Major Currencies
Great Year for Precious Metals Year 2019 certainly has been a good year for the Gold bulls. The metal accelerated its rally after President Trump announced 10% tariffs on the…
Elliott Wave View: Ten Year Notes (ZN_F) Resumes Higher
Short Term Elliott Wave structure in 10 Year Notes (ZN_F) suggests the pullback to 129.28 ended wave 4. The note has resumed higher in wave V. The internal subdivision of…
Elliott Wave View: Gold Likely Still Has More Upside
Short Term Elliott Wave structure in Gold suggests the rally to $1528 on August 16 ended wave 1. The precious metal then pullback to $1492 which ended wave 2. The…
Elliott Wave View: Copper Expected to Turn Lower Soon
Short Term Elliott Wave structure in Copper suggests the rally to $2.64 ended wave (2). The metal has since resumed lower in wave (3). The internal of the move lower…
Elliott Wave View: Silver Remains Supported
Short Term Elliott Wave structure from the chart below suggests the rally in Silver to $17.5 ended wave (3). The metal then pullback in wave (4) to 16.91 with internal…
Trade War Escalation Put Selling Pressure to S&P 500 (SPX)
Last week, there was anticipation of market volatility as the Fed's Chairman Jerome Powell was scheduled to speak at Jackson Hole. President Trump and China however stole the show. China…