Short term Elliottwave structure suggests cycle from 11/4 peak ended with wave ((3)) at 7862.8 and the Index is in wave ((4)) bounce to correct decline from 11/4 peak. Internal of wave ((4)) is unfolding as a double three where wave (W) ended at 8478.9, and wave (X) ended at 7967.88. Cycle from wave ((3)) low is […]

Short term Elliottwave structure suggests cycle from 11/4 peak ended with wave ((3)) at 7862.8 and the Index is in wave ((4)) bounce to correct decline from 11/4 peak. Internal of wave ((4)) is unfolding as a double three where wave (W) ended at 8478.9, and wave (X) ended at 7967.88. Cycle from wave ((3)) low is […]

Short term Elliottwave structure suggests cycle from 11/4 peak ended with wave ((3)) at 7862.8 and the Index is in wave ((4)) bounce to correct decline from 11/4 peak. Internal of wave ((4)) is unfolding as a double three where wave (W) ended at 8478.9, and wave (X) ended at 7967.88. While above 8221.01, Index has scope […]

Short term Elliottwave structure suggests cycle from 11/4 peak ended with wave ((3)) at 7862.8 and the Index is in wave ((4)) bounce to correct decline from 11/4 peak. Internal of wave ((4)) is unfolding as a double three where wave (W) ended at 8478.9, and wave (X) ended at 7967.88. While above 7967.88, Index has scope […]

The aftermath of the 2008 financial crisis saw a massive deleveraging and repricing of risky assets, forcing many central banks in the world to adopt near-zero interest rate and in some cases introduce unconventional monetary policy like quantitative easing. Fast forward to 2016 today, after 7 years of near-zero interest rate policy, the Federal Reserve […]

Short term Elliott Wave cycle suggests bounce to 5117.3 ended wave X. Decline from this level is unfolding in a triple three where wave ((w)) ended at 4847 and wave ((x)) bounce ended at 4928. Wave ((y)) is in progress towards 4592 – 4656 area, then it should bounce in second wave ((x)) before lower again. We don’t like […]