Elliott Wave view for Nasdaq suggests that the rally from Intermediate wave (4) on 12/5 unfolded as a double three Elliott Wave structure where Minor wave W ended at 6545.75 and Minor wave X ended at 6383.25.  The Index has made a new high above Minor wave W at 6545.75, which brings validity to this view. Subdivision of Minor wave W […]

Gold closed above $1,300 per ounce for the first time in 5 years as the U.S. dollar saw it’s worst decline over the past 14 years. Despite a strong start in 2017, XAUUSD spent most of the year in a sideways range around $1250 area before the final bounce came by year end to allow the precious metal to […]

Elliott Wave view for Nasdaq suggests that the Index has ended the correction to the cycle from 12/5 low at 6383.25 and from there it it has started the next leg higher. Up from Intermediate wave (4) low on 12/5, the rally unfolded as a double three Elliott Wave structure where Minor wave W ended at 6545.75 and Minor wave X […]

Nasdaq Short Term Elliott Wave view suggests that the Index is correcting the rally from 12/5 low (6232.3). While dips remain above Intermediate wave (4) at 6232.3,  expect Index to extend higher. Rally from Intermediate wave (4) low unfolded as a double three Elliott Wave structure where Minor wave W ended at 6545.75 and Minor wave X is in progress […]