Elliott Wave View: DJIA Futures (YM_F) Should Extend Higher
Short term Elliott Wave view on Dow Jones Future (YM_F) suggests that rally from March 9, 2019 low is unfolding as a 5 waves impulse Elliott Wave structure. In the…
Boeing crisis set to aggravate as FBI joins investigations, but the stock remains resilient
Summary The two Boeing crashes in late 2018 and March 2019 killed more than 300 people. FBI assisting Federal transportation authorities in investigations leading to the aircraft’s certification. Possible conflict…
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…