In this technical blog we’re going to take a quick look at the Elliott Wave charts of Dow Futures (YM_F) published in members area of the website. As our members knew, we’ve been favoring the long side in YM_F due to it having an incomplete bullish sequence against 3.23.2022 low. Moreover, Indices like FTSE are also showing […]
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Elliott Wave Analysis: SPX Should See More Weakness
Read MoreSPX rally to 2801.9 on 3.13.2018 ended Primary wave ((X)). Since then, the decline from there is unfolding as a double three Elliott Wave structure where Minor wave W ended at 2694.59 and Minor wave X ended at 2739.14. A double three is a WXY structure where the subdivision of each leg is corrective. Subdivision […]
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Dow Jones (YM_F) Elliott Wave Analysis: Further Weaknesses Expected to 24215
Read MoreDow Jones (YM_F) Short Term Elliott Wave view suggests that the rally to 25535 on 12 March 2018 ended Intermediate wave (X). Intermediate wave (Y) is currently in progress to the downside and subdivision of Intermediate wave (Y) unfolded as a double three Elliott Wave structure. Down from 25535, Minute wave ((w)) ended at 24688, and […]
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Elliott Wave Analysis: Calling more Upside In JPM
Read MoreIn this blog, we will have a look at a past Elliott wave short-term structures of the JP Morgan Chase (JPM) Stock. In the chart below, you can see the 1-hour chart presented to members in our Live Session Webinar on the 03/02/18. We said to members that the JPM stock made a marginal new […]
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Nasdaq Soars to New Record High After Strong Job Reports
Read MoreNasdaq soars to an all-time high after last Friday’s U.S. employment report which saw a massive 313,000 growth in February. This is the biggest number of jobs since July 2016, handily smashing the expectation of 200,000 jobs gain. For the fifth month in a row, the jobless rate remains unchanged at 4.1%, a 17-year low. […]
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Dow Jones Transportation Index Called The Correction In Indices
Read MoreIn this blog-post, I want to discuss and recap my Blog I did on the Dow Jones Transportation Index in December 2017. First of all, you need to understand that today’s market can advance in 2 types of sequences. The first type is 5-9-13 or motive sequence and the second type is the 3-7-11 or corrective […]
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DAX Elliott Wave View: Correction Ended
Read MoreDAX is correcting higher degree cycle from February 2016. Short-term Elliott Wave view suggests that Primary wave ((X)) ended with the rally to 12597.51. Decline from there is unfolding as a Zigzag Elliott Wave structure where Intermediate wave (A) ended at 11725 and Intermediate wave (B) is proposed complete at 12270.50 high in New York earlier today. However, Index […]