Short Term Elliott Wave view in S&P 500 ETF (SPY) suggests the rally from March 23, 2020 low low is unfolding as a 5 waves impulse. Up from 3.23 low (218.26), wave (1) ended at 263.7, and pullback in wave (2) ended at 242.94. Index has resumed higher in wave (3) as another 5 waves […]

$CPER Copper Index Tracker Elliott Wave & Long Term Cycles Firstly the CPER Copper Index Tracking instrument has an inception date of 11/15/2011. There is data in the HG_F copper futures before this going back many years. That shows copper made an all time high on February 15th, 2011 at 4.649.  Translated into this instrument, it […]

$USO United States Oil Fund Elliott Wave & Longer Term Cycles Firstly the USO instrument inception date was 4/10/2006. CL_F Crude Oil put in an all time high at 147.27 in July 2008. USO put in an all time high at 119.17 in July 2008 noted on the monthly chart. The decline from there into the […]

Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Apple stock, published in members area of the website.  As our members know, Apple has been showing incomplete Higher- High Sequences in the cycle from the March 23rd low, calling for further rally.  Consequently we […]

Nvidia (NASDAQ: NVDA) is up 25% Year-To-Date outperforming the Semiconductor Sector which is currently down 9%. Despite, the sell off  that took place last month around the entire stock market, NVDA along few other stocks managed to sustain its main bullish trend because it was trading within a powerful wave ((III)) as mentioned in our previous […]

Rally in Nasdaq from April 8, 2020 low appears impulsive, favoring more upside. This article and video looks at the Elliott Wave path.