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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Apple (AAPL): Is the Next Trade War Decline Still a Buy?
Read MoreThe latest trade war between U.S. and China may affect U.S. companies with big operations in China, such as Apple. Saturday’s report by The Wall Street Journal suggests that President Trump has given a go ahead to his aides to implement a fresh $200 billion tariffs ahead of scheduled trade talks with China. This can […]
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NEM Could Newmont Mining Begin a Larger Bullish Cycle Soon?
Read MoreNEM Could Newmont Mining Begin a Larger Bullish Cycle Soon? Could Newmont Mining Begin a Larger Bullish Cycle Soon? In short answer form is yes. The area from where I think that will happen from is highlighted on the chart below. Before getting to that point again later I would like to talk about some […]
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NKE Ready To Start The Next Leg Higher?
Read MoreNike Ticker symbol: NKE short-term Elliott wave view suggests that the pullback to $75.06 low ended intermediate wave (2). Above from there, the stock has rallied to new all-time highs confirming the next leg higher in intermediate wave (3). The internals of intermediate wave (3) higher is unfolding as Elliott wave impulse structure with the sub-division of […]
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The Micex Index Long Term Bullish Trend and Cycles
Read MoreThe Micex Index Long Term Bullish Trend and Cycles The Micex index has trended higher with other world indices since inception. The index remained in a long term bullish trend cycle into the December 2007 highs. It made a sharp correction lower in 2008 that lasted until October 2008 similar to other world indices. That is […]
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AAPL Elliott Wave View: Ready For Wave 5 Higher?
Read MoreAPPLE ticker symbol: AAPL short-term Elliott wave view suggests that the rally to $229.67 high ended intermediate wave 3 higher. The internals of that rally higher unfolded as impulse structure with the sub-division of 5 waves structure in it’s each leg higher. Down from $229.67 high, the instrument did a 7 swing pullback & completed […]
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Is the $SPX rally really based on the Presidential Economic Agenda(s) or is the rally purely Technical?
Read MoreSince the latest major US elections, a lot of fuss (mainly via Twitter and various “MAGA” rallies) has been made over how President Trump’s economic agenda(s) produced the current leg of the rally in the American equity indices. And how the tax cuts have accelerated the current rally. We, at elliottwave-forecast.com, we disagree with the idea. […]