Decline to 19054 completed wave ((X)), and the Index has since resumed the rally in wave W in the form of a double correction ((w))-((x))-((y)) where wave ((w)) ended at 19865 and wave ((x)) ended at 19495. In our previous Nikkei 225 Chart of the Day posted at 5.20.2015, we said wave ((y)) is in progress towards 20314 – 20507, […]

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In this interview video by Dale Pinkert at May 16, 2015, our chief currency strategist and founder Eric Morera explained how he believed $EURUSD is not as bearish the consensus from other analysts, banks, and social media. Despite the popular bearish sentiment and belief that $EURUSD is going to go below parity at the time […]

Since our last two updates, the Index has made a new high above wave (w) at 18205.33, and preferred Elliott Wave view suggests the Index should continue higher towards 18343.51 – 18484.24 equal leg area to complete wave (y) of W. We expect sellers to appear from the above area for at least 3 waves lower per […]

Decline to 17732.04 completed wave X and the Index has since moved higher. From wave X low, the rally took the form of a zigzag a-b-c, where wave a ended at 17973.07, wave b ended at 17910.15, and wave c of (w) completed at 18205.23. In our last Chart of The Day update, we said that wave (x) pullback is in progress towards […]

Decline to 17732.04 completed wave X and the Index has since moved higher. From wave X low, the rally took the form of a zigzag a-b-c, where wave a ended at 17973.07, wave b ended at 17910.15, and wave c of (w) completed at 18205.23. Wave (x) pullback is currently in progress towards an ideal target of 17843.94 – […]