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EWFLuis

By EWFLuis    June 10, 2024    - 2 min read

McDonald’s MCD Started a Retracement as Wave (II)

McDonald's (MCD) is the world's largest fast food restaurant chain, serving over 69 million customers daily in over 100 countries in more than 40,000 outlets as of 2021. It is…

By EWFLuis    June 5, 2024    - 1 min read

Short Term Elliott Wave Structure in Oil (CL_F) Favors Downside

Short Term Elliott Wave in Oil (CL_F) shows incomplete Elliott Wave bearish sequence from 04.12.2024 high. Down from there, wave 1 ended at 76.15 like the 1 hour chart below…

By EWFLuis    May 31, 2024    - 1 min read

Elliott Wave Analysis on AMD Suggest a Double Correction

Short Term Elliott Wave in AMD suggests the rally from 5.01.2024 low is in progress as an impulse. Up from 5.01.2024 low, wave (1) ended at 174.56 as the 30…

By EWFLuis    May 30, 2024    - 1 min read

Elliott Wave Analysis Expects a Flat Correction as Wave 2 in EURUSD

Short Term Elliott Wave in EURUSD suggests rally from 4.16.2024 low unfolded as a 5 waves impulse Elliott Wave structure. Up from 4.16.2024 low, wave ((i)) ended at 1.0753 and…

By EWFLuis    May 29, 2024    - 1 min read

Elliott Wave Analysis Expects GBPUSD to Pullback in Wave 2

Short Term Elliott Wave in GBPUSD suggests rally from 4.22.2024 low unfolded as a 5 waves impulse Elliott Wave structure. Up from 4.22.2024 low, wave ((i)) ended at 1.2635 and…

By EWFLuis    May 28, 2024    - 2 min read

Elliott Wave Analysis Expects Nasdaq Futures (NQ) Continue Higher

Short Term Elliott Wave in Nasdaq Futures (NQ) suggests the rally from 4.19.2024 low is in progress as an impulse. Up from 4.19.2024 low, wave ((i)) ended at 17949 and…

By EWFLuis    May 27, 2024    - 2 min read

SMH Semiconductor ETF Reacted from a Blue Box Breaking to New Highs

The VanEck Semiconductor ETF (SMH) is an exchange-traded fund that tracks a market-cap weighted index composed of 25 of the largest U.S.-listed semiconductor companies. The top holdings of SMH include companies like NVIDIA, Taiwan Semiconductor Manufacturing, Broadcom…

By EWFLuis    May 21, 2024    - 2 min read

There is no Reason to Sell iShares Silver Trust (SLV)

The iShares Silver Trust (SLV) is an exchange-traded fund (ETF) that tracks the price performance of the underlying holdings in the London Bullion Market Association (LBMA) Silver Price as of August 2014. If you’re interested in…

By EWFLuis    May 16, 2024    - 1 min read

Elliott Wave Analysis on SPX Looking to Extend Higher in Impulsive Structure

Short Term Elliott Wave in SPX suggests that the Index ended wave (4) pullback at 4953.98. From there, it rallies higher in wave (5) as a nesting impulse Elliott Wave structure.…