The SPX  showing a nice Elliott wave FLAT corrective structure which runs as a 3-3-5 structure when a bounce should happen as far as the 15  divergence in the 15 minute chart remain.  

Wave (4) is thought complete and rally from the low is completing an impulsive structure as expected. If the reaction after completion of current cycle turns out to be impulsive, that would favour the ALT view which is that of a FLAT wave X. We don’t like selling the instrument and if pull back after […]

Wave (4) is thought complete now while above 2.57%  we expect another high to 2.72 – 2.74% to complete wave (( v )) of 1. If the reaction after completion of current cycle turns out to be impulsive, that would favour the ALT view which is that of a FLAT wave X. We don’t like […]

Yields have turned higher in what looks to be an impulse in wave (( i  )) of ( 5 ). 2.80% could be tested before we see a pullback in wave (( ii )) and more upside. Hourly cycles are positive so we don’t like selling yields in proposed wave (( ii )) pullback and […]

 It’s time to revisit $FTSE chart as we last looked at it on 8.1.2013 and establish that bulls had regain control as Index showed a 5 wave move up following a 5 wave decline which is a bullish setup. We expected Index to find resistance around 6743 and turn lower in 3 waves to complete […]

Yields are trading lower in wave C of ( 4 ) and need 3 swings lower from wave B high so after a pull back expect more weakness toward 2.56% to complete wave ( 4 ) before yields turn higher again. Hourly cycles remain positive so we don’t like selling the yields. Strategy remains to […]