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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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$NI225-NKI: Nikkei (7.2.2013)
Read MoreIndex continues higher as expected and is getting close to 50 fib. However, further strength to test 14600 area can’t be ruled out to complete wave ( B ) before Index turns lower again. We don’t like buying into the proposed swing higher at this stage
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$NI225-NKI: Nikkei (7.1.2013)
Read MoreNikkei has completed a cycle from 15942 but recovery so far is also corrective which means we are in wave ( B ). Index is showing an incomplete structure from 12409 low, so while above 12691, expect a test of 14300 – 14600 area to complete wave ( B ) before Index turns lower again.
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$IBEX (Spain 35) (6.28.2013)
Read MoreWave ( A ) low appears to be in place so expect a recovery toward 8225 from where Index should turn lower again. We don’t like buying into the proposed correction higher.
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$GBPCHF (6.27.2013)
Read MoreExpect price to remain supported between 1.4363 – 1.4391 during the ( b ) wave pullback and rally to resume. We don’t like selling into proposed ( b ) wave pullback. Initial target on the upside is 1.4635