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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Zoom Video Communications Inc (NASDAQ: ZM) Remain Bullish
Read MoreZoom Video Communications Inc (NASDAQ: ZM) is an American remote conferencing services company that combines video conferencing, online meetings, chat, and mobile collaboration. The stock has gained 90% since February before giving up half of the gains last week , while the majority of stocks has plunged over 20%. That puts ZM as one of the […]
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Elliott Wave View: S&P 500 E-Mini Futures (ES_F) Extends Higher
Read MoreS&P 500 E-Mini Futures (ES_F) broke above last week’s high at 2635.75 and shows incomplete sequence from 3.23 low, favoring further upside in near term. Short Term Elliott Wave suggests the rally from 3.23 low (2174) is unfolding as Elliott Wave zigzag structure. Up from 3.23 low, wave ((A)) ended at 2634.5. Internal of wave […]
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The $UUP Bullish Cycles from May 2011 Lows
Read MoreThe $UUP Bullish Cycles from May 2011 Lows Firstly the dollar tracking ETF fund $UUP inception date was 2/20/2007. Interestingly the dollar index has a low in March 2008. The $UUP ETF fund shows a low in May 2011. The dollar index did make a pullback cycle low in May 2011 however it was well […]
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Expedia: The Stock Shows Classic Elliott Wave Pattern
Read MoreExpedia is showing a well-defined Elliott Wave pattern across the market place. The Elliott Wave Principle is a form of technical analysis which we use to analyze price action and forecast the future path. Ralph Nelson Elliott proposed that market prices unfold in specific patterns which alternate between impulsive and corrective phase. The most popular structure […]
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Intel ($INTC): Strength before more weakness
Read MoreIntel is a very important component for the Semiconductor industry. It is the #2 holding in in both the SOXX ETF, and the SMH ETF. With such a strong weighting in the overall sector, it has much influence over the direction of the industry as a whole. Most recently, Intel has declined with the broad […]
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Elliott Wave View: Dow Jones Futures (YM_F) Can See Further Strength
Read MoreDow Jones Futures (YM_F) is correcting cycle from Feb 13 high as a zigzag. This article and video looks at the Elliott Wave path.