The S&P Retail Industry Index comprises stocks in the S&P Total Market Index that are classified in the GICS retail sub-industry. For this article we’ll be using The SPDR S&P Retail ETF (XRT) which tracks an equal-weighted index of stocks in the US retail industry and correspond generally to the total return performance of the S&P Retail Select Industry Index. The performance […]

NASDAQ Short term Elliott Wave view suggests that the decline to 6230.31 on November 15 ended the intermediate wave (4) dip. A rally from there is unfolding as a double three Elliott wave structure and the index is already into new highs suggesting that next extension higher has started. As the structure of the 11/15 low 6230.31 low looks to be overlapping, […]

EURAUD Elliott Wave view suggests Intermediate wave (X) ended with the decline to 1.5057. The rally from there unfolded in 5 waves impulse Elliott Wave structure, and this means that while pullbacks stay above 1.5057 low, it could see further upside. Up from 1.5057, Minute wave ((i)) ended at 1.5234, decline to 1.5075 ended Minute wave ((ii)), Minute […]

EURAUD Short Term Elliott Wave view suggests the decline to 1.5057 ended Intermediate wave (X). Up from there, the rally unfolded in 5 waves impulse Elliott Wave structure, suggesting that while pullbacks stay above 1.5057 low, pair could see more upside. Up from 1.5057, Minute wave ((i)) ended at 1.5234, Minute wave ((ii)) ended at 1.5075, Minute wave ((iii)) ended […]