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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Amazon $AMZN Elliott Wave: Calling For A Further Decline
Read MoreHello fellow traders. As our members know, Amazon stock has completed 5 waves structure in the cycle from the 146.61. We were calling for a 3 waves bounce against the mentioned high after which we expected the price in stock to drop toward new lows. In previous blog on Amazon we shown how we called […]
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GDXJ Looking to Form Bottom
Read MoreGold and related miners continue to suffer a setback as the Fed continues its aggressive rate hike to combat inflation. However, there’s recent indication that the world’s central banks may reduce the pace of the hike due to the rising probability of a recession. In this update, we will look at the technical outlook in […]
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Caterpillar Inc. ($CAT) bounce is a Bull Trap. More Downside should take place soon.
Read MoreGood day Traders and Investors. In today’s article, we will look at the past performance of Caterpillar Inc. ($CAT). In our last article we explained that the stock has reached the Blue Box area where a bounce can happen. This is how we saw it back in Sep 2022. Caterpillar ($CAT) ElliottWave October 2022 View (Weekly): Since […]
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SMI (Swiss Index) Entered In A Triple Correction Structure
Read MoreThe Swiss Market Index (SMI) is Switzerland’s blue-chip stock market index, which makes it the most followed in the country. It is made up of 20 of the largest and most liquid Swiss Performance Index (SPI) stocks. The SMI is not adjusted for dividends. SMI December 04th Daily Chart This is last year’s chart, where […]