Platinum (PL) Searching for Bottom
Platinum (PL) continues to trade sideways and the metal is in the process of forming an important low before the next major bullish cycle starts. The Federal Reserve has aggressively…
Elliott Wave View: Dollar Index (DXY) Has Resumed Higher
Short term Elliott Wave view suggests correction from 9.28.2022 high ended at 109.53 as wave (4). Internal subdivision of wave (4) unfolded as a double three Elliott Wave structure. Down…
Elliott Wave View: SPY Looking to Resume Lower
Short term Elliott Wave structure in $SPY suggests cycle from 8.16.2022 high is unfolding as a zigzag Elliott Wave structure. Down from 8.16.2022 high, wave (A) ended at 348.11. Up…
Elliott Wave View: Exxon Mobil (XOM) Looking to End 5 Waves Rally
Short Term Elliott Wave structure of Exxon Mobil (ticker: XOM) suggests cycle from 9.26.2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 9.26.2022 low, wave…
GDXJ Looking to Form Bottom
Gold and related miners continue to suffer a setback as the Fed continues its aggressive rate hike to combat inflation. However, there's recent indication that the world's central banks may…
Elliott Wave View: USDJPY Looking for Double Correction
Short Term Elliott Wave structure of USDJPY shows a 5 swing sequence from 10.21.2022 high. This suggests the decline can extend lower into a 7 swing double three structure. Rally…
Elliott Wave View: IBEX Soon Reaching Resistance Area
IBEX shows an incomplete bearish sequence from 6.14.2021 high favoring further downside against 5.30.2022 high (8992.7). Short term, Index is now correcting cycle from 5.30.2022 high in 3, 7, or…
Elliott Wave View: Nifty can see sellers soon
Short term Elliott Wave view on Nifty suggests the decline from 9.15.2022 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from 9.15.2022 high, wave 1 ended…
QQQ Shows Bearish Sequence from 2021 Peak
The series of rate hikes by the Fed has provided a challenge for the World Indices. World Indices continue to make a series of lower low since they formed the…