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 […]
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$XLY Forecasting the Decline and Selling The Rallies at Blue Box
Read MoreHello Everyone! In this technical blog, we are going to take a look at the Elliott Wave path in Consumer Discretionary ETF ($XLY). We keep telling members that $XLY is showing an incomplete bearish sequence in the higher timeframes and any rallies can be sold in 3 or 7 swings at blue boxes for more downside. […]
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Elliott Wave View: S&P 500 (SPX) Expect Short Term Weakness To Continue
Read MoreShort term, Elliott wave view in S&P 500 (SPX) showing 5 swing sequence lower from 12.01.2022 peak of 4087.3 as the part of correction lower in (2) against 10.13.2022 low. Ideally, (2) expects to unfold in 3, 7 or 11 swings and should hold above 10.13.2022 low to turning higher. Below 4087.3 high, it starts […]
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ETHUSD Forecasting The Decline & Selling The Rallies At Blue Box
Read MoreIn this technical blog we’re going to take a quick look at the Elliott Wave charts of ETHUSD . As our members know ETH is showing incomplete sequences in the cycle from the 08/15 peak. The cryptocurrency is bearish against the 1681.4 pivot. Recently ETH has made 3 waves bounce , when it has reached […]
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Elliott Wave View: Amazon (AMZN) Should Bounce Before Downside Resumes
Read MoreShort term Elliott wave View in Amazon (ticker; AMZN) suggests the decline from 12.13.2022 peak in 45 min chart, was clear 5 swings impulse lower, which ended ((i)) as the part of wave 3. The current sequence lower is the part of (3) of ((A)) in higher degree started from 11.15.2022 peak. It already confirms lower […]