Revised view of Elliott wave cycles suggests that cycle from 6/24 low is unfolding as a bearish triangle where wave ((A)) ended at 107.5, wave ((B)) ended at 99.51, and wave ((C)) ended at 105.5. Wave ((D)) has reached the minimum swing to end but can see marginal low towards 100.5 – 101 area before pair turns higher in […]

In this Technical blog we are going to take a look at $SPX 4 hour October 13th 2016 chart. In which instrument was showing 5 swings from August 15th peak, which is incomplete bearish sequence in New Elliott wave theory. So the idea was selling the bounces against September 22nd peak in sequence of 3, […]

IYR is the iShares Dow Jones U.S. Real Estate ETF that tracks a market-cap-weighted index of US real estate equities listed on the major US exchanges giving an exposure to U.S. real estate companies and REITs , which invest in real estate directly and trade like stocks . After ending a cycle on 7/29/2016 ( 85.80 […]

Here is a daily Elliott wave analysis of Qualcomm Incorporated based in California, USA. This Nasdaq stock is well below it all time peak back in the year 2000 and did suffer a quite a pullback lower with the rest of the market into 2002 then has traded sideways to higher from there. Most recent larger […]