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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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$SMH Elliott Wave and Longer Term Cycles
Read More$SMH Elliott Wave and Longer Term Cycles Firstly as seen on the monthly chart shown below. There is data back to May 2000 in the ETF fund. Data suggests the fund made a low in November 2008. This low has not been taken out in price. The cycles in this instrument tends to reflect the Nasdaq […]
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Elliott Wave View: Oil ($CL_F) Decline in Impulsive Structure
Read MoreOil decline from Jan 8 high is impulsive suggesting it can see further downside. This article looks at the Elliott Wave path.
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NQ_F Buying Elliott Wave 4 Dip in Blue Box Area
Read MoreNQ_F (Nasdaq Futures) made a sharp decline yesterday evening after New York closing and then reacted higher in a very strong manner. Our preferred Elliott wave count treats the dip last night as a Minor wave 4 and now we are expecting the Index futures to be trading higher in Minor wave 5. Earlier this […]
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Copper (HG_F) Buying The Dip From The Blue Box Area
Read MoreIn this blog, we’re going to take a quick look at the Elliott Wave chart of copper. The chart from 1.3.2020 update showed that copper ended the cycle up from 11.15.2019 low at 2.6130 to 12.26.2019 high at 2.8565 as 5 waves impulse structure. Copper then did a pullback from the high, which unfolded as […]