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 […]
-
NASDAQ (NQ_F) Incomplete Sequence Targeting Lower
Read MoreIn this blog, we are going to take a look at the Elliottwave chart of NASDAQ. Based on the daily chart shown below, NASDAQ has ended the rally from 2009 low at 9760.61 high. The index is now correcting that cycle. The correction is unfolding as a double three and has an incomplete sequence. The […]
-
Elliott Wave View: Nike Rally Expected to Fail
Read MoreNike (Ticker: NKE) shows an incomplete sequence from January 22, 2020 high suggesting further downside is likely. The decline from January 22 high is unfolding as a double three Elliott Wave structure where wave ((W)) ended at 85.15 and wave ((X)) ended at 94.98. The stock has resumed lower within wave ((Y)) and the internal […]
-
EURJPY Incomplete Bearish Sequences Calling The Decline
Read MoreIn this technical blog we’re going to take a quick look at the Elliott Wave charts of EURJPY, published in members area of the website. As our members know, recently we were calling the decline in EUJPY due to incomplete bearish sequences the pair has in the cycle from the 01/16 peak. We expected the […]
-
Oil Craters 30%, How Low Can It Go?
Read MoreOPEC’s failure to strike a deal to cut production output with Russia caused Saudi Arabia to slash oil’s prices in an all-out price war. US West Texas Intermediate Crude plunged more than 30% to $27.9 per barrel while Brent crude futures cratered 29% to $32 per barrel. On Saturday, Saudi Arabia announced a huge price […]