Best reading of the cycles suggests pair has ended a cycle from 10.15 (134.12) low and is due a larger 3 wave pull back in 4 hour time frame. Let’s take a look at Elliott wave structure of the decline from 149.77 peak. Initial decline from 149.77 – 146.40 was a triple three or ((w))-((x))-((y))-((z)) […]

At 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 […]

Preferred 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 […]

We 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 […]