Preferred Elliott Wave view suggests rally to 19770 completed wave (W) and wave (X) pull back is also proposed to be over at 18973 with a test of equal legs (100% Fibonacci extension). As per Chart of the day presented yesterday (4.6.2015), we were looking for higher prices toward 19888 – 20032 area to complete a (w)-(x)-(y) […]

Preferred Elliott Wave view suggests rally to 19770 completed wave (W) and wave (X) pull back is also proposed to be over at 18980 with a test of equal legs (100% Fibonacci extension). Move up from here is taking the form of a double three or (w)-(x)-(y) structure when wave (w) ended at 19590, wave (x) ended […]

Preferred Elliott Wave view suggests rally to 12240 completed wave (( y )) and dip to 11975 completed blue wave ( w ) as a correction. Index has hit hit 100% ext of ((w)) to complete black ((y), and we view the DAX in a corrective ((x)) wave now lower.  After that we expect the Index to pull back in […]

Russell $RUT started the current cycle on 1.16.2015 which is taking the form of a WXY Elliott Wave structure. WXY is a 7 swing structure & Index is already trading higher in the 7th swing. This week we are expecting further upside in the Index toward 1240 – 1270 area from where it should make […]

DAX Index is showing 5 swings up from ((X)) low at 8904 (10.30.2014)  which is an incomplete sequence so we expect the Index to do a pull back in 6th swing & make another push higher to complete 7 swings to end a 7 swing cycle from 8904 low. Wave ( W) ended at 9469 […]