In an interview with CNBC last Thursday, President Trump indicated that he is not thrilled about interest rate hikes. He went on to say that he did not agree with the Fed’s decision to keep raising the rate. Trump argued that the higher rate puts the U.S. at a disadvantage compared to the European Union […]

OIL short-term Elliott wave analysis suggests that the rally to $75.28 high ended cycle degree wave III. Down from there, the larger correction in cycle degree wave IV is taking place in 3, 7 or 11 swings before Oil resumes higher. The internal of the first leg of the decline from $75.28 high took place […]

USDJPY short-term Elliott Wave analysis suggests that the pullback to 110.28 low ended Minute wave ((ii)) pullback. The internals of that pullback unfolded as Elliott wave Flat structure where Minutte wave (a) ended at 110.77. Up from there, bounce to 111.11 ended Minutte wave (b), and Minutte wave (c) of ((ii)) ended in 5 waves at 110.28 low. […]

Amazon ticker symbol: $AMZN short-term Elliott wave analysis suggests that the cycle from 6/25/2018 low ($1646.31) is rallying higher in an impulse structure. This suggests that the internal sub-division of each leg higher is unfolding as 5 waves structure of lesser degree i.e Minute wave ((i)), ((iii)) & ((v)), whereas Minute wave ((ii)) & ((iv)) […]