SMI is a Swiss Market Index representing a capitalization-weighted measure of the 20 most significant stocks on the SIX Swiss Exchange in Zurich; the ticker is $SMI. The “COVID-19” drop in indices in February-March 2020 has marked most probably a significant low in world indices. It seems like $SMI has also found its bottom on march […]

IBM has been trading within a corrective sequence lower since the peak on 03.11.2013. The decline is a clear 3-7-11 sequence, which comes with a lot of overlapping and choppy price action. We do believe a double correction (WXY) is taking place. This is a combination of either two Zig Zags or two WXY which […]

At EWF, we believe the market works as a whole. Every instrument, symbol, or ETF is therefore related. Many traders do not track as many markets as we do, but through analyzing hundreds of charts every day, we can see a clear relationship between these different instrument. This time, we will take a look at […]

Every 4 years the elections arrive in the United States, the performance of the most important health indicator of the financial markets, such as SP500, is reviewed again. In recent years the SP500 has been well above other indices worldwide like the DAX or the FTSE. That leads us to think about the importance of […]

Another blog on a great looking Energy producer.  Yes, this sector has been under a strong bearish trend.  But, there are some names that have better structures than others.  Penn Virginia Corp chart has a great technical chart.  As with the MTDR Blog I did a few weeks back, I am going to compare PVAC […]

$FXY Longer Term Elliott Wave Cycles Firstly the $FXY instrument inception date was 2/12/2007. The instrument tracks changes of the value of the Japanese Yen versus the US Dollar. There is plenty of data going back into the longer term 1970’s time frame available for the currency cross rate in the USDJPY. The foreign exchange […]