SPX Elliottwave view: Ending Wave 3 soon

$SPX 6020170227215310

Short term Elliott wave view in SPX suggests that the rally from 1/23 low is unfolding as a 5 waves Elliott wave impulse structure where Minor wave 1 ended at 2301, Minor wave 2 ended at 2267.2, and Minor wave 3 remains in progress but close to ending. Internal of Minor wave 3 shows an extension and subdivided also as an impulse structure where Minute wave ((i)) ended at 2289.1, Minute wave ((ii)) ended at 2271.6, Minute wave ((iii)) ended at 2368.2 and Minute wave ((iv)) ended at 2352.6. Index … [Read more...]

DeutscheBank Elliott Wave Analysis Still Calling Higher

DeutscheBank Daily 02/21/2017

In September 2016 , the media was calling for the collapse of DeutscheBank as its shares were dropping to new all time lows and Investors were worried about another financial crisis . However in our previous article , we were expecting a recovery for Deutsche Bank stock as the technical picture was pointing to an ending diagonal taking place to finish at least the cycle from 03/14/2016 peak and start a short term bounce . In the recent 4 months , DeutscheBank stock (DB:NYSE) managed to do an … [Read more...]

NASDAQ Composite: Elliott Waves calling higher

COMPQ-240-1-25 edited

in this technical blog, we are going to take a quick look at past performance of NASDAQ Composite charts from January 2017, which we presented to the clients at elliottwave-forecast.com. Below is the 4 hour chart from January 18,2017, showing the sequence of higher highs in the index from November 04,2016 lows. Also if we count the swing sequence, we can clearly see that the price action from November lows looks to be in 9 swings or 5 swing sequence, which needed some more upside to reach the … [Read more...]

Starbucks (SBUX) Ending Correction and Turning Bullish

Starbucks daily Elliott Wave Analysis

Starbucks Corporation (NASDAQ: SBUX) began the new year slightly below its long-term plan as revenue only improved by 7% and earnings per share rose 11%. The company continues to target earnings growth of between 15% and 20% each year through 2021 with its aggressive expansion plan, which aims to add 12,000 new locations over the next five years to boost its store base by 50%. Consequently , investors shouldn't panic to the short term macro-related weakness and focus on the bigger picture of the … [Read more...]

AAPL reached first target area at 128.16-131.34

AAPL 4 Hour Elliott Wave Analysis 1.23.2017

Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave charts of Apple ( AAPL) published in members area of www.elliottwave-forecast.com. We’re going to explain the structure and see how we guided our members through this instrument. AAPL 4 Hour update 01.23.2017 Elliott Wave structure is showing incomplete bullish sequences in the cycle from the 11.14 (104.1) low.  We're having 5 swings up from the mentioned level, suggesting more upside while … [Read more...]

Can Disney shares break to new all time highs ?

Disney 01.31 Weekly Scenario 2

Walt Disney Company (NYSE: DIS) is one of the strongest players in the entertainment industry on a global scale and it rewarded its investors by a +255% return over the recent decade , more than twice the S&P 500's 95% total return. The company wrapped up its sixth consecutive year of record-high sales and profits with revenue rising 14% and adjusted earnings per share (EPS) soaring 28% mostly driven by the phenomenal success of its movie "Star Wars: The Force Awakens" .   Although the … [Read more...]