The Indices larger pullback from the highs is purely technical despite whatever fundamental or reason the news suggests. I will show the technical reasoning in this article. We will look at the Nikkei, FTSE, as well as the Hang Seng indices cycles up from the 2009 and 2008 lows. Each of these indices are shown […]

Escalation in U.S. and China Trade War On Tuesday, the White House published a list of 1300 Chinese products subject to tariffs with total value of $50 billion. It’s however still subject to a review process which will last through at least May before it takes effect. The U.S. list focuses on high-tech item such […]

AT&T ticker symbol: ($T) short-term AT&T Elliott Wave view suggests that the bounce to 3/13 high (37.81) ended Intermediate wave (X) bounce. Below from there, intermediate Y leg lower remains in progress as a Zigzag correction. Where initial decline unfolded in 5 waves Elliott Wave Impulse Sequence with extension in Minor wave A. Which can be seen in […]

USDJPY short term Elliott Wave view suggests that the decline to 104.54 low on March 26 ended Intermediate wave (3). Wave (4) correction is in progress as a double three Elliott Wave Structure. A double three is a 7 swing corrective structure with WXY label. In the case of USDJPY, minor wave W of (4) […]