S&P 500 formed a significant high at 2947 on Sept 21, 2018 after a 342% rally in 10 years. During the entire rally from year 2009 low, there was no major correction in the Index, that is until last year. In less than 3 months, the Index has dropped 21.4% from the peak. The Index […]

In this technical blog, we are going to take a look at the past performance of Apple ticker symbol: $AAPL, 1 hour Elliott Wave charts that we presented to our clients. We are going to explain the structure and the forecast below. Apple 1 Hour Elliott Wave Chart From 01/13/2019   Above is the 1 Hour Elliott […]

Short term Elliott Wave view in FTSE suggests that the decline to 6534.59 ended wave ((A)). Wave ((B)) bounce is in progress as a zigzag Elliott Wave structure. Up from 6534.59, wave (A) ended at 7001.94. The internal of wave (A) unfolded as a 5 waves Impulse Elliott Wave structure. Wave 1 ended at 6752.54, […]

The current price action and Elliott wave analysis suggest further declines for TSLA shares. Not even a full month into the new year TSLA shares have already seen 2 large declines. The first drop was blamed on a pricing adjustments for U.S. vehicles. The 2nd drop is being blamed over layoffs and unappealing guidance. Bearish […]