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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NASDAQ ( NQ #F ) Found Buyers In Blue Box And Rallied
Read MoreHello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of NASDAQ. As our members know NASDAQ has been trading higher within December 2018 cycle. It has been showing incomplete bullish sequences in the cycle from the 6964.7 low as well, calling for further strength. […]
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Strong GDP supports the US Dollar
Read MoreSummary A strong 3.2% U.S first quarter GDP indicates robust economy. Temporary drivers of the growth however may not be sustainable for the remainder of the year. Strong U.S. economic data can continue to boost global stock market and U.S. Dollar in the short term. The U.S Commerce Department reported a strong first quarter GDP […]
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Elliott Wave View: Rally in Boeing (BA) Should Fail
Read MoreElliott Wave view in Boeing suggests that the rally to $446.49 ended wave (III) in super cycle degree. The stock is now doing the biggest pullback since 2003 low within wave (4). The decline from $446.49 to $359.01 ended wave ((A)) as an impulse Elliott Wave structure. Wave (1) ended at $416.44, wave (2) ended at […]
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Elliott Wave View: AUDUSD Impulsive Decline
Read MoreAUDUSD shows an impulsive move from April 17 high favoring more downside. This video looks at the short term Elliott Wave path for the pair.