In this technical blog we’re going to take a quick look at the Elliott Wave charts of Dow Futures (YM_F) published in members area of the website. As our members knew, we’ve been favoring the long side in YM_F due to it having an incomplete bullish sequence against 3.23.2022 low. Moreover, Indices like FTSE are also showing […]
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Five Waves Rally in $GDXJ Suggests Bottom in Place
Read MoreGold Miners Junior (ticker: GDXJ) spent the past two years in a deep correction, but it looks to have found the bottom on 9.26.2022 low at 25.80 as the second chart (the Daily chart) below shows. The rally from 9.26.2022 low is in 5 waves (impulsive), suggesting that the bottom is likely in place and […]
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Wells Fargo & Company (WFC) : Expects Sideways To Lower In Correction
Read MoreWells Fargo & Company (WFC) as diversified financial services company, provides banking, investment, mortgage, consumer & commercial finance products & services in the US & internationally. It operates through four segments, consumer banking & lending, commercial banking, corporate & investment banking & wealth & investment management. It is based in San Francisco, CA, comes under […]
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Caterpillar ($CAT) Bounce made New All Time Highs. What’s Next?
Read MoreGood day Traders and Investors. In today’s article, we will look at the past performance of Caterpillar Inc. ($CAT). In our last article we explained that the stock has reached the Blue Box area where a bounce can happen. This is how we saw it back in Sep 2022. $CAT ElliottWave September 2022 View (Weekly): $CAT ElliottWave January 2023 View […]
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Elliott Wave View: Microsoft (MSFT) Looking to Extend the Next Leg Lower
Read MoreMicrosoft (MSFT) Has resumed the next leg lower as a 5 waves impulse. This article and video look at the Elliott Wave path.
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APPLE Inc: Forecasting the reaction lower after wave (2) bounce
Read MoreApple Inc. yet another stock that many people and traders are looking at these days after it’s peak from January 2022. In total the drop so far is about 32%. Almost everyone is aware of them as a big chunk of people worldwide are using an Iphone or a Macbook device. However we must never […]
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Corrective Rally in XLY Should Fail According to Elliott Wave
Read MoreXLY is correcting cycle from 11.15.2022 high and rally should fail in 3, 7, 11 swing. This article and video look at the Elliott Wave path.