A lot has been said and written about both the Democrat and Republican economic plans for a better economy. We believe in free enterprise and limited regulation, allowing humans to create and expand at their own will for the better but there is a vast difference between the two parties regarding the economic agenda. Most […]
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Bullish Breakout in GDXJ (Gold Miners Juniors) Imminent
Read MoreGold market continues to extend higher with uncertainties in pandemic and ultra-loose monetary policy by central banks. It has printed a 7 year high of $1779 and shows no sign of stopping. It has broken to new-all time high against many other major currencies, such as Euro, Pound Sterling, and Yen. Gold stocks should benefit […]
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Elliott Wave View: SPX Resumes Correction Lower
Read MoreSPX ended the cycle from April 2 low and is currently correcting that cycle. While below June 9 high, index can do another leg lower before upside resume.
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Drive Shack ($DS) Incomplete Bullish Sequence
Read MoreDrive Shack ($DS) has been making steady gains since the March 2020 low. Technically speaking, it has a nice Elliott Wave chart, and is following the pattern of the general indices fairly well. Let’s take a look at what they do as a company: “Drive Shack Inc. is a leading owner and operator of golf-related […]
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Elliott Wave View: Exxon Mobil Pulling Back
Read MoreExxon (XOM) shows incomplete bearish sequence against June 8 high. While below June 16 high, expect bounce in 3,7,11 swing to fail for more downside.
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SPY Elliott Wave View: Ready To Resume Higher?
Read MoreIn this blog, we take a look at the past performance of 4 hour Elliott Wave charts of SPY, In which our members took advantage of the blue box areas.
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Elliott Wave View: Facebook Should See More Upside
Read MoreFacebook has broken above the previous wave 3 high. While above 6.17.2020 low, dips in 3,7,or 11 swing is expected to find support for more upside.