Trade war with China Hurt Global Economy Last week global stock market slumped due to the prospect of all-out trade war which could destabilize global economy. US market closed sharply lower for the week with S&P 500 falling 5.6% and Dow Jones Industrial Average falling 6%. Asia markets also skidded with Nikkei 225 falling 6.3%, […]

SPX rally to 2801.9 on 3.13.2018 ended Primary wave ((X)). Since then, the decline from there is unfolding as a double three Elliott Wave structure where Minor wave W ended at 2694.59 and Minor wave X ended at 2739.14. A double three is a WXY structure where the subdivision of each leg is corrective. Subdivision […]

USDJPY Elliott Wave view suggests that the decline from 11.6.2017 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from 11.6.2017 high (114.73), Intermediate wave (1) ended at 110.84, Intermediate wave (2) ended at 113.75, Intermediate wave (3) ended at 105.55, and Intermediate wave (4) ended at 107.3. Intermediate wave (5) is […]

Oil (CL_F) Short Term Elliott Wave view suggests that the decline to 59.95 on 3/9 ended Minor wave 2. Minor wave 3 is unfolding as a 5 waves impulse Elliott Wave Structure where Minute wave ((i)) of 3 is currently in progress as a leading diagonal. Up from 59.96, Minutte wave (i) ended at 62.33, Minutte […]

Brexit Transition Period Agreement Breakthrough Yesterday the UK has struck a deal with the EU to the Brexit transition period.  The transition period is the 21 month period which starts from 29 March 2019 (official Brexit day) to 31 December 2020. UK Prime Minister Theresa May likes to call this period an implementation phase. This […]

Dow Jones (YM_F) Short Term Elliott Wave view suggests that the rally to 25535 on 12 March 2018 ended Intermediate wave (X). Intermediate wave (Y) is currently in progress to the downside and subdivision of Intermediate wave (Y) unfolded as a double three Elliott Wave structure. Down from 25535, Minute wave ((w)) ended at 24688, and […]