A lot has been said and written about both the Democrat and Republican economic plans for a better economy. We believe in free enterprise and limited regulation, allowing humans to create and expand at their own will for the better but there is a vast difference between the two parties regarding the economic agenda. Most […]
-
$SPX: Elliott Waves forecasting key turns in the market
Read MoreAt the middle of September our Elliott Wave analysis for SPX suggested that we were ending wave III- impulsive cycle from the 1269.91 low. Wave III has 5 wave structure with Ending Diagonal in wave ((5)). The price was approaching 1.236-1.618 fib inverse extension of wave (4) at 2014.9-2049.06 & diagonnal was about to complete . Let’s take a […]
-
SPX Short-term Elliott Wave Analysis 12.11.2014
Read MorePreferred Elliott Wave view suggests Index has ended a cycle at least from Mid-October low and perhaps a larger daily cycle as well. Initial decline from the highs was in 3 waves that we have labelled as wave (( w )) and ended at 2034. After that we saw a sharp recovery to 2060 followed […]
-
Gold Short-term Elliott Wave Analysis 12.10.2014
Read MoreWe think the yellow metal is in a triple three structure higher from 1131 low when wave (( Y )) ended at 1221. 2nd wave (( X )) ended at 1186 and as pull back holds above 1186 low, preferred Elliott Wave view suggests, metal could trade as high as 1265 to complete wave X correction […]
-
SPX Short-Term Elliott Wave Analysis 12.9.2014
Read MoreSPX500 cycle from Mid-October low is mature and expected to end soon. Index has met minimum requirements of the structure which makes it even more vulnerable but we don’t like to pick tops or bottoms in Elliottwave-Forecast and the fact that Index provided divergence in RSI with the new low we saw today, we still […]