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The SPY ETF is still trading within the Super Cycle degree from its 2009 lows. The ETF has now opened up another extension where it trades into new highs. Now, we should be looking into targets for the red wave V where the Super-Cycle can possibly end. Wave V possible targets in The Elliott Wave […]
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Elliott Wave View: Impulsive Rally in Nikkei
Read MoreElliott Wave view suggests the rally in Nikkei from August 26, 2019 low is unfolding as an impulse Elliott Wave structure. In the 1 hour chart below, the rally to 21890 on September 13, 2019 ended wave (3) and wave (4) pullback ended at 21662. Internal of wave (3) unfolded as an impulse in lesser […]
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General Motors Will Provide Buying Opportunity Despite The Strike
Read MoreGeneral Motor’s contract with the United Auto Workers expired late Saturday, leaving the union and company leadership to work out the next four-year contract. The situation has been all over the news which can be misleading for traders. We at Elliottwave Forecast do not follow fundamentals news but what we follow is a system which […]
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DJUSRE Break Above 2007 High and ProShares Ultra Real Estate ETF
Read MoreDJUSRE (Dow Jones Real Estate Index) recently broke above 2007 peak and it would be a good time to revisit the article we published back in 2017 about Real Estate Index and highlighted the target area above 2007 peak. We will also cover Proshares Ultra Real Estate ETF today and look at it’s sequence from […]
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Elliott Wave View: Short Term Strength in Bitcoin
Read MoreIn the bigger picture, Bitcoin has been in sideways consolidation since topping out at $13880 on June 26. It did a 3 waves pullback to $9049.54 on July 17 and since then has been sideways. Further correction in larger degree can’t be ruled out as a double zigzag structure from June 26 high, but the […]