Short term Elliott Wave view on IBEX calls the rally from August 15, 2019 low (8405.39) as a 5 waves impulse Elliott Wave structure. Up from 8405.3, wave ((i)) ended at 8806.4 and wave ((ii)) pullback ended at 8592.70. Index then resumed higher in wave ((iii)) towards 9123.9, wave ((iv)) pullback ended at 8964, and […]

CPER Copper Index Tracker Long Term Cycles & Elliott Wave 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 is […]

Elliott Wave view on Chesapeake Energy Corp (ticker symbol: CHK) suggests the rally to 2.17 ended wave (B). This suggests the stock has turned lower in wave (C) and can break below August 7 low (1.26). The stock however needs to break below 1.26 to confirm the bearish view and avoid a double correction in […]

Many Instruments across the Market are ending the Super Cycle Degree from their 2009 lows. In this blog we will have a more in-depth view of Microsoft. With the break of last year high earlier this year, the instrument can be counted as a 5 waves advance from its 2009 low. Consequently, it is trading […]

Hello fellow traders. In today’s blog, we will have a look at the Lufthansa AG stock. The stock is listed in the DAX 30. Lufthansa AG is the biggest German airline and has a lot of subsidiaries. And when combining them together Lufthansa is the biggest airline in Europe in terms of a passenger airline. The company has […]

Bank Of America (NYSE: BAC) recovered 50% of the 2008 financial crisis crash while majority of banks already rallied back to new all time highs. The stock is still showing positive signs as the rallies taking place since 2009 low are unfolding as an Elliott Wave impulsive structure. BAC recent daily rally from 2016 low […]