SPX ended the cycle from April 2 low and is currently correcting that cycle. While below June 9 high, index can do another leg lower before upside resume.

Exxon (XOM) shows incomplete bearish sequence against June 8 high. While below June 16 high, expect bounce in 3,7,11 swing to fail for more downside.

Facebook has broken above the previous wave 3 high. While above 6.17.2020 low, dips in 3,7,or 11 swing is expected to find support for more upside.

Gold shows higher high sequence from 6.5.2020 low. While above 6.15.2020 low, expect the dips in 3,7,11 swings to find support and gold to extend higher.

Microsoft Corporation ( MSFT ) is currently still extending higher from 3.23.2020 low. The stock reached all time high on 6.11.2020 and ended wave ((3)) at 198.52 high. From there, MSFT did a pullback in wave ((4)) as a Double Three Elliott Wave structure. Down from 6.11.2020 high, wave (W) ended at 186.07 low. The […]

EURJPY decline from 6/5 high is unfolding as an impulse and can see further downside while below 6/16/2020 high.This article looks at the Elliott Wave path.