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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Amazon Elliott Wave View: Found Sellers in Blue Box
Read MoreIn this blog, I want to share some short-term Elliott Wave charts of Amazon which we presented to our members in the past. Below, you see the 1-hour updated chart presented to our clients on the 10/17/18 indicating that Amazon ended the cycle from 10/01/18 low in black wave ((W)). As Amazon ended the cycle from 10/01/18 peak, […]
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Record Breaking Income Doesn’t Save Amazon from Tanking
Read MoreDuring the Earnings Report last Thursday, Amazon (ticker symbol: AMZN) beat Street estimates by reporting impressive revenue of $29 bn (10% higher yoy) and all-time-record of $2.8 billion quarterly net income. This compares to $256 million profit during the same period last year. The $3.7 billion in operating income also far exceeded Street estimates of […]
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Elliott Wave: Further Downside Looming For IBEX?
Read MoreIBEX short-term Elliott wave view suggests that a decline to 8850.20 low ended Minor wave A of a zigzag structure. The internals of that decline unfolded as 5 waves impulse structure where Minute wave ((i)) ended at 9471.20 low. Minute wave ((ii)) ended in 3 swings at 9542.80 high. Minute wave ((iii)) ended in lesser […]
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Amazon Elliott Wave View: Favoring More Downside
Read MoreAmazon ticker symbol: $AMZN short-term Elliott wave view suggests that a decline to $1685.99 low ended primary wave ((W)). The internals of that decline unfolded as Elliott wave Flat structure. Up from there, a bounce to $1856.92 high ended primary wave ((X)) as Elliott wave zigzag correction. Where intermediate wave (A) ended in lesser degree 5 […]
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BAC Elliott Wave View: Started The Next Leg Lower
Read MoreBank of America Corporation ticker symbol: BAC short-term Elliott wave view suggests that a decline from 8/08/2018 high to $27.64 low ended intermediate wave (W). The internals of that decline unfolded in 3 swings with the distribution of 5-3-5 zigzag structure. Up from there, a bounce to $29.20 high ended the short-term correction against 8/08/2018 […]
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CHK Elliott Wave View: Found Buyers in Blue Box and Rallied
Read MoreHello fellow traders. Today, I want to share some Elliott Wave charts of the CHK stock which we presented to our members in the past. Below, you see the 4-hour updated chart presented to our clients on the 09/09/18. showing that CHK ended the cycle from 02/09/18 low (2.52) at the peak of 07/10/18 (5.59) Below from there, […]