“What goes up must come down.” – Sir Isaac Newton It was widely reported this week that Amazon (AMZN) founder, Jeff Bezos, lost roughly $45 Billion dollars in net worth during the October stock market selloff as shares of AMZN cratered from all-time highs set on 9/4/2018 at $2,050.50/share to the most recent low of […]

Dow futures ticker symbol: YM short-term Elliott wave view suggests that a bounce to 25845 high ended cycle degree wave “b”. Down from there, cycle degree wave “c” unfolded as ending diagonal structure i.e lesser degree cycles within primary wave ((1)), ((3)) & ((5)) also unfolded in 3 swings structure. Where primary wave ((1)) ended […]

In 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, […]

During 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 […]

IBEX 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 […]

Amazon 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 […]