Elliott Wave View Looking for Further Correction in Gold
Elliott Wave view suggests that Gold has ended cycle from August 16, 2018 low ($1160.37). The yellow metal is currently correcting that cycle as a zigzag Elliott Wave structure. Down…
Elliott Wave View: S&P 500 (SPX) Ending Wave 5
Cycle from Dec 26, 2018 low in S&P 500 (SPX) remains in progress as an impulse Elliott Wave structure. In the 1 hour chart below, we can see wave (4) of…
Bitcoin Jumps Sharply by 23%. Is the Bear Market Over?
Today the price of Bitcoin suddenly jumped a massive 23% within 2 hours to reach the highest level in 4 months. The crypto-currency has also added over $14 billion to…
Elliott Wave View: Oil Can see Profit Taking Soon
After forming the low on December 24, 2018 low at $42.36, Oil has continued to recover. The rally from Dec 24 last year looks to be unfolding as a zigzag…
Markets Turning Lower as US Yield Curve Inverts
In the last FOMC meeting, the Fed turned cautious and said they will not raise benchmark interest rate this year. In addition, balance sheet normalization will also end in September…
Elliott Wave View: Short Term Weakness in Silver
Silver broke below March 7 low ($14.96) and shows a sequence of lower low from Feb 21 high ($16.2), suggesting further downside is likely in the shorter cycle. The decline…
Elliott Wave View: Nasdaq (NQ_F) Showing Signs of Rolling Over
Nasdaq (NQ_F) is showing a preliminary sign that the cycle from December 26, 2018 low has ended. After forming the high at 7544.68 on March 22, 2019, the Index has…
Elliott Wave View: Further Strength Ahead for 10 Year Notes (ZN_F)
Short term Elliott Wave view on Ten Year Treasury Notes (ZN_F) suggests that the rally from January 18, 2019 low (121.02) is unfolding as an Impulse Elliott Wave structure. The…
Elliott Wave View: Nikkei Rally Likely Fails for Further Downside
Elliott Wave view is calling an end to Nikkei's rally from December 26, 2018 low with wave X at 21884. The Index should resume the move lower and should eventually…
