Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of FCX, published in members area of the website. As our members know, FCX has incomplete bearish sequences in the cycle from the 12.16 ( July 24th)  peak. Consequently, we advised members to avoid buying the […]

GLD Longer Term Cycles and Elliott Wave Analysis Firstly the GLD ETF fund is one of the largest as well as one of the oldest Gold tracking funds out there since it’s inception date of November 18, 2004. From there on up into the September 2011 highs it ended a larger bullish cycle as did […]

Last week, traders got spooked by the yield curve inversion of the most closely watched 2 year vs 10 year bonds. Yield curve inversion between 2 year and 10 year bond is a powerful predictor of recession. The 2-10 yield curve inversion preceded the past seven recessions from 1969. This means that the interest rates […]

Short term Elliott Wave View on Bitcoin (BTCUSD) shows the rally to 12336.88 on August 6, 2019 ended wave ((X)). The crypto currency declines from there and the structure is unfolding as an impulse Elliott Wave structure.  Down from 12336.88, wave 1 ended at 11532, wave 2 ended at 12145.42 and wave 3 ended at […]

BAC shows an incomplete sequence from August 1, favoring more downside. While bounce fails below there, the stock can extend lower.

Starbucks (NASDAQ: SBUX) is currently up 50% year-to-date and remains as one of the strongest stocks leading the bull market higher and making new all time highs. the stock is currently trading within an impulsive 5 waves advance which started since December 2018 and it reached the minimum target area at equal legs $93.6 – […]