

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 […]
-
$FTSE (8.6.2013)
Read MoreWave ( A ) high appears to be in place, break of 6534 will add more confidence to this view and will open up 6350 – 6365 area as support for completion of wave ( B ). Exact structure of the drop remains to be seen
-
$NKI (Nikkei Futures) 7.29.2013
Read MoreNikkei futures decline from 14990 initially looked corrective but given the amount of extension in 3rd swing, we like the idea of an incomplete impulse. Expect a test of 13313 to complete wave 3 before we get a wave 4 pull back and a new low to complete a 5 wave drop from 14990 i.e […]
-
$NI225-NKI: Nikkei (7.2.2013)
Read MoreIndex continues higher as expected and is getting close to 50 fib. However, further strength to test 14600 area can’t be ruled out to complete wave ( B ) before Index turns lower again. We don’t like buying into the proposed swing higher at this stage
-
$NI225-NKI: Nikkei (7.1.2013)
Read MoreNikkei has completed a cycle from 15942 but recovery so far is also corrective which means we are in wave ( B ). Index is showing an incomplete structure from 12409 low, so while above 12691, expect a test of 14300 – 14600 area to complete wave ( B ) before Index turns lower again.
-
$IBEX (Spain 35) (6.28.2013)
Read MoreWave ( A ) low appears to be in place so expect a recovery toward 8225 from where Index should turn lower again. We don’t like buying into the proposed correction higher.
-
$DAX (6.20.2013)
Read MoreIndex has turned lower after completing wave B. A new low will complete a 5 wave decline from wave B high and add more conviction to this view. We should then see a (( b )) wave pullback toward 8100 – 8120 and lower again.