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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Impulsive Elliott Wave Decline in FTSE Calling More Downside
Read MoreFTSE ended cycle from 3.16.2020 low with wave I at 8047.06. The Index is now in the process of correcting this 3 year rally in wave II. The internal subdivision of wave II is unfolding as a zigzag Elliott Wave structure. A zigzag structure is a 5-3-5 structure with ((A))-((B))-((C)) as the label. Wave ((A)) […]
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Gold Miners Junior ($GDXJ) Should Resume Higher in 2023
Read MoreGold Miners Junior (ticker: GDXJ) should finish the correction to the cycle from September 2022 low sometimes this year and resumes higher. At this stage, there’s still no strong confirmation whether the correction has ended thus we still can’t rule out another leg lower to end the correction before the ETF finally extends higher. Below […]
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Morgan Stanley (MS) Favors Short Term Weakness
Read MoreMorgan Stanley (MS), a financial holding company provides various financial products & services to corporations, governments, financial institutions & Individuals in the Americas, Europe, Middle East, Africa & Asia. It operates through Institutional Securities, Wealth Management & Investment management services. It is based in New York, US, comes under Financial services sector & trades as […]
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Caterpillar ($CAT) Showing 5 Wave Advance. What’s Next?
Read MoreIn today’s article, we will look at the past performance of Caterpillar Inc. ($CAT). In our last article we explained that the stock has made new all time highs and will be pulling back soon in 3 or 7 swings to correct the cycle from Sep 2022 lows. This is how we saw it back in Jan 2023. […]
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PepsiCo (PEP) Facing more Headwinds as Market Volatility Continues
Read MorePepsiCo (NASDAQ: PEP), one of the largest food and beverage companies in the world, has been facing a challenging environment in the wake of ongoing market volatility. While the company’s revenue and profits have remained relatively stable, industry-wide pressures and changing consumer preferences have put significant pressure on PepsiCo’s business model. With the continued uncertainty […]
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Five Waves Elliott Wave Structure in Dow Futures (YM)
Read MoreCycle from 12.13.2022 high in Dow Futures (YM) shows a 5 swing sequence favoring follow up to the downside. Structure of the move lower from 12.13.2022 high is unfolding as a 5 waves diagonal Elliott Wave structure. Down from 12.13.2022 high, wave 1 ended at 32686 and rally in wave 2 ended at 34551. Dow […]