U.S. stock market surged as November Nonfarm Payroll came out strong at 266,000. Unemployment rate also fell to 3.5%, which is at 50-year low since 1969. The result smashed the consensus expectation of 185,000.  Stocks leaped higher after the blockbuster number as the US economy is firing on all cylinder. There was initially some concern […]

GBPUSD rally from Nov 23 low is unfolding as an impulse Elliott Wave structure, favoring more upside. This article looks at the Elliottwave path.

SPX has started a wave 4 correction & could see further downside to end a double zigzag Elliott Wave structure. This article look at the Elliottwave path..

GDX rally from Nov 12 low is unfolding as a double zigzag Elliott Wave structure & while bounce stays below Nov 1 peak, it can extend lower.

Despite Beijing’s objection, President Trump has gone ahead and signed two bills backing Hong Kong’s protesters into law. Beijing has continuously voiced strong objection against the legislation as China sees it as meddling in its domestic affairs. Trump signed these bills as US and China still try to reach a phase one trade deal. China […]

FTSE shows a bullish Elliott Wave sequence from October 3, 2019 low favoring further upside. The rally from October 3 low is unfolding as a double three Elliott Wave structure. On the chart below, we can see wave ((w)) ended at 7431.94 and pullback in wave ((x)) ended at 7199.40. Internal structure of  wave ((x)) […]