We at Elliottwave-Foreast.com use a lot of market correlation to derive our forecasts alongside other tools that we use. In this article, we would look at a recent example of Market correlation used in our forecasts and how a Stock Market from Asia (Hangseng) kept us on the right side in US Indices by calling […]

In this blog, we are going to take a look at the Elliottwave chart of NASDAQ.  Based on the daily chart shown below, NASDAQ has ended the rally from 2009 low at 9760.61 high.  The index is now correcting that cycle.  The correction is unfolding as a double three and has an incomplete sequence.  The […]

Nike (Ticker: NKE) shows an incomplete sequence from January 22, 2020 high suggesting further downside is likely. The decline from January 22 high is unfolding as a double three Elliott Wave structure where wave ((W)) ended at 85.15 and wave ((X)) ended at 94.98. The stock has resumed lower within wave ((Y)) and the internal […]

Kirkland Lake Gold Ltd. (NYSE: KL) is gold mining growing company with highly productive yet low-cost mining operations in Canada and Australia. Last month, the company reported its revenue in Q4 2019 totaled $412 million, 47% higher than Q4 2018 and an 8% increase from the previous quarter. On a year-over-year basis, both higher gold sales and an increase in gold price contributed to about […]

Gilead Sciences ($GILD) showing signs that it may be in the beginning stages of new bullish cycle.  The Long term chart shows a completed bullish sequence in 5 waves for Blue (I) which topped on June 22/2015 at 123.37.  From there a corrective sequence took place for Blue (II) which bottomed on Dec 26/2018 at […]

The 2009 cycle is ending across the World Indices. Many Indices show five waves already since the lows, but some have been weak since the previous peak sometimes around 2018. Indices like $FTSE, among others, are reaching the Blue Box area since 2018. The following chart shows the extreme area in $FTSE: FTSE Reaching Extreme […]