US Indices remain bullish and dips have been presenting buying opportunities. Let’s take a look at a recent buy setup in SPX and INDU. Using Elliott Wave Principle we knew that initial drop in SPX from 1891 – 1866 was in 3 waves, so we were expecting this high to break once the correction finished. […]

Here is a quick video blog from our Live Trading Room host, Dan Hussey.  In this Tech Blog Video Post, Dan takes a look at a comparison of 1970’s SPX price action to the SPX price action of the last decade to unveil how the 1950 targets (from 2010) were found.  The Live Trading Room […]

Preferred view now is that dip to 9655 completed wave ((B)) and wave ( X ) low is also proposed to be in place at 9984. Wave (( a ))  high is in place at 10530 and wave (( b )) pull back is in progress. This pull back can reach as low as 10188 […]

$SPX turned lower sharply after making marginal new highs to 1897. Members knew this drop was coming and they had to exit the longs and wait for the dip to get long again. Let’s take a look at Elliott wave analysis from members area to see how it all unfolded and how Index reached the […]

Preferred view is that 10 year yields are consolidating in the form of a bullish triangle  wave (( 4 )) with current leg B being part of wave ( D ) with a C higher toward 2.86 expected before we get the (E) dip.  Ideally the current dip should hold above ( C ) wave […]

The Equal Legs is a term used in the technical analysis to indicate that the magnitude of a movement is equal to another movement joined by a correction. It is represented as follows:     Where the magnitude of the swing A is equal in magnitude to the swing C (A = C) and B is the correction. This method is widely used in Elliott Waves identifying targets or […]