SPX Intra Day Elliott Wave view suggests that the rally to 2597.02 ended Intermediate wave (3). Intermediate wave (4) pullback is currently in progress as a double three Elliott Wave structure. Down from 2597.02, Minor wave W of (4) ended at 2566.33 and Minor wave X of (4) ended at 2587.66. While staying below 2597.02, expect […]

CADJPY Short Term Elliott Wave view suggests that Minor wave X ended at 87.78. Up from there, pair rallies as a double three Elliott Wave structure where Minute wave ((w)) ended at 89.8 and Minute wave ((x)) is in progress. Subdivision of Minute wave ((x)) takes the form of a double three Elliott Wave structure. Decline […]

CADJPY Elliott Wave view suggests that the decline to 87.78 ended Minor wave X. Pair starts a new rally from there as a double three Elliott Wave structure where Minute wave ((w)) ended at 89.8. Minute wave ((x)) pullback is currently in progress to correct cycle from 10/31 low in 3, 7, or 11 swing before the […]

The move away from Petrodollar  In 1974, US President Richard Nixon and King Faisal from Saudi Arabia struck a deal. This deal gave birth to the petrodollar system which still lasts until this day.  The deal involves Saudi Arabia selling oil to its largest buyer back then, the U.S. In turn, the U.S. provides Saudi Arabia with money, […]

Nikkei Trade Video Clip from 10/30 Live Trading Room In the Live Trading Room on 10/30, we told members to buy the dips in Nikkei in 3, 7, or 11 swing as it has incomplete bullish sequence and the target hasn’t been reached in the Daily Chart. The Index made another leg lower during the day […]

FTSE Elliott Wave view suggests that the decline to 7199.5 ended Primary wave ((4)). Up from there, the rally is unfolding as a zigzag Elliott Wave structure where Intermediate wave (A) ended at 7565.11 on 10/12 peak. A rally to intermediate wave (A) is subdivided as an impulse Elliott Wave structure. Minor wave 1 ended at […]