Netflix ticker symbol: $NFLX short-term Elliott wave analysis suggests that the pullback to $335.67 low ended intermediate wave (2) pullback. The internals of that pullback unfolded as a Flat correction. Where Minor wave B bounce ended in 3 swings at $374.09 high. Down from there, Minor wave C unfolded in 5 waves impulse structure. And […]

AMAZON ticker symbol: AMZN short-term Elliott wave view suggests that the rally to $2050.50 high ended intermediate wave (1) as impulse structure. Down from there, the instrument is doing a pullback in intermediate wave (2). The internals of that pullback unfolding in 3 swing structure with the sub-division of 5-3-5 structure in lesser degree cycles […]

The 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 […]

NEM 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 […]

Nike 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 […]

The 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 […]