Since the Brexit vote in June, Poundsterling has fallen 13% against the U.S. dollar and it is now worth 22% less than a year ago. Today the pound worths around $1.27 while a year ago it was worth $1.55. The currency was further under pressure this week after the U.K Prime Minister Theresa May provided more […]

Short term Elliott wave count suggests that pullback to 6640.3 at 9/15 ended wave (X). The rally from there is unfolding as a double three where wave (w) ended at 6899.5, wave (x) ended at 6728.5, and wave (y) of ((w)) is proposed complete at 7091.5. Near term, while bounces stay below 7091.5, expect the Index to […]

Early this year we made a video talking about the possible low in commodities like GOLD , SILVER and OIL  which means those instrument ended the downside cycle  from the 2011 peaks and that’s why they rallied strongly this year 2016 . However since the start of summer the commodity sector started pulling back in a corrective way which represents an […]

Short term Elliott wave count suggests that pullback to 6640 at 9/15 ended wave (X). The rally from there is unfolding as a double three where wave (w) ended at 6899.5, wave (x) ended at 6728.5, and wave (y) of ((w)) is proposed complete at 7091.5. Near term, while bounces stay below 7091.5, expect wave ((x)) pullback in 3, […]