Today’s support and resistance levels: R3: 143.62 R2: 143.28 R3: 142.90 Current spot: 142.77 S1: 142.47 S2: 142.17 S3: 141.70 Technical summary:The correction in red wave iv is still unfolding and we are still looking for a decline to 141.70 before the next impulsive rally higher towards 146.15 to end wave (iii). Short-term minor resistance […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Governments will be powerless to stop the big economic trend that is underway. One way to beat deflation is by holding cash. You can also learn about a new investment for safety-minded investors. Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – Starbucks stock leaps higher after… November 2, 2023 […]
Today’s support and resistance levels: R3: 1.6263 R2: 1.6193 R1: 1.6169 Current spot: 1.6151 S1: 1.6120 S2: 1.6096 S3: 1.6072 Technical summary: Nothing really changed here. We have seen a new rally to 1.6263, which again was rejected for a new move lower. The picture is still very complicated, without any real signs of, which […]
Today’s support and resistance levels: R3: 144.22 R2: 143.85 R1: 143.50 Current spot: 143.26 S1: 142.85 S2: 142.53 S1: 141.70 Technical summary: Red wave iii moved directly higher to 144.22 and we should now see red wave iv correct lower to 141.70 before red wave v move higher to 146.15 to end wave iii. Short […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Property “flipping” was a big craze just before the real estate bubble burst in 2006. Now it’s back. Even a hedge fund billionaire hopes that another buyer will pay more. Is the psychology of another financial top at work? Learn How the Wave Principle Can Improve Your Trading Related Posts:Financial future on the horizon: […]
Today’s support and resistance levels: R3: 1.6162 R2: 1.6138 R1: 1.1618 Current spot: 1.6093 S1: 1.6072 S2: 1.6058 S3: 1.6038 Technical summary: The decline to 1.5992 has once again complicated things here. At this point it is almost impossible to tell, whether we are in a very complex correction or in an impulsive rally higher. […]
Today’s support and resistance levels: R3: 143.44 R2: 143.26 R1: 143.16 Currnt spot: 143.13 S1: 142.85 S2: 142.50 S3: 142.18 Technical summary: EUR/JPY is just powering ahead higher, but we think that red wave iii ended at 143.44 and after a correction towards 141.83 in red wave iv, red wave v will take over for […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The answer is debatable, but the way policymakers have tried to end the crisis amounts to a spotty record. Watch. Learn How the Wave Principle Can Improve Your Trading
Today’s support and resistance levels: R3: 1.6263 R2: 1.6183 R1: 1.6147 Current spot: 1.6129 S1: 1.6103 S2: 1.6084 S3: 1.6033 Technical summary: The break above 1.6121 is positive, but we still need to see acceleration higher towards 1.6263 and above for a rally towards 1.6446 and higher. Short term, we will be looking for support […]
Today’s support and resistance levels: R3: 143.04 R2: 142.56 R1: 142.26 Current spot: 141.86 S1: 141.25 S2: 140.95 S3: 140.45 Technical summary: There was no time for a correction to 140.40 and red wave iii moved directly higher towards 143.04 as the next upside target. If red wave iii ended a little early at 142.56, […]
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http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx So far in 2014, municipal bond investors have enjoyed relative safety along with superior returns. Munis have even outperformed the Dow Industrials. But are safety-minded investors in for an unpleasant surprise? Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – Goldman Sachs stock gains on strong… April 15, 2024 Goldman […]
Today’s support and resistance levels: R3: 1.6167 R2: 1.6121 R1: 1.6085 Current spot: 1.6063 S1: 1.6033 S2: 1.6000 S3: 1.5958 Technical summary: Our preferred count is still valid. We saw an important bottom at 1.5903; since that low we have seen the first impulsive rally to 1.6216 and this impulsive rally was followed by an […]
Today’s support and resistance levels: R3: 141.88 R2: 141.38 R1: 141.12 Current spot: 140.86 S1: 140.65 S2: 140.40 S3: 139.98 Technical summary: With the break above important short term resistance we know that wave [2] ended at 134.14 and wave [3] is developing. If wave [3] is going to be equal in length to wave […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx During an economic crisis, many investors view gold as a safe haven. Even a former Federal Reserve chairman describes gold as protection against government policies. You may be surprised to learn when gold performs the best. Learn How the Wave Principle Can Improve Your Trading Related Posts:Weekly forecast based on simplified wave analysis of… […]
Today’s support and resistance levels: R3: 141.22 R2: 140.20 R1: 139.70 Current spot: 13939 S1: 139.10 S2: 138.82 S3: 138.40 Technical summary: BOJ unexpectedly announced its decision to expand the stimulus with additional 80 trillion JPY, which has propelled the JPY higher. Now, the rally from the 134.14 low is having all signs of an […]
Today’s support and resistance levels: R3: 1.6164 R2: 1.6120 R1: 1.6059 Current spot: 1.6031 S1: 1.6000 S2: 1.5958 S3: 1.5932 Technical summary: The failure to break above resistance at 1.6263 and the following break below support at 1.6000 is very disappointing and frustrating. We still prefer the bullish picture, but at this point there is […]
Learn How the Wave Principle Can Improve Your Trading Related Posts:Indicator analysis: Daily review of GBP/USD on November 7,… November 7, 2023 Trend analysis (Fig. 1).The GBP/USD currency pair may move downward…Indicator analysis: Daily review of EUR/USD on November 7,… November 7, 2023 Trend analysis (Fig. 1).The EUR/USD currency pair may move downward…Elliott wave analysis […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Many market forecasts are nothing more than linear projections of the current trend. They usually fail to deliver what you really want to know — namely when to expect a trend change. Learn How the Wave Principle Can Improve Your Trading Related Posts:Week Ahead – More inflation data on the way as rate cut […]
You may remember that after the 2008-2009 crash, many called into question traditional economic models. Why did they fail? And more importantly, will they warn us of a new approaching doomsday, should there be one? This series gives you a well-researched answer. Here is Part VIII; come back soon for Part IX. Myth #8: Terrorist […]
Today’s support and resistance levels: R3: 1.6263 R2: 1.6240 R1: 1.6211 Current spot: 1.6143 S1: 1.6133 S2: 1.6099 S3: 1.6055 Technical summary: Red wave ii ended at 1.6003 (dangerous close to our stop at 1.6000). The rally of the 1.6003 low is clearly impulsive in character and after a small correction to 1.6099 the next […]
Today’s support and resistance levels: R3: 137.72 R2: 137.52 R1: 137.42 Current spot: 137.41 S1: 137.22 S2: 136.90 S3: 136.70 Technical summary: The correction in wave B ended slightly higher than the ideal 137.82, with a top at 138.03. Now, we will be looking for a break below support at 136.56 as the final confirmation, […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The Federal Reserve’s QE program was a risky, multi-year experiment, and today many news stories are offering sober assessments of the results. Here’s one from The Washington Post… Learn How the Wave Principle Can Improve Your Trading
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The U.S. government is again pushing home ownership. The FHFA is trying to boost the lackluster housing market through downpayments as low as 3%. Will it work? A chart shows that the answer mainly depends on the stock market. Learn How the Wave Principle Can Improve Your Trading Related Posts:EUR/USD. April 15th. Bulls panic […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/freeupdates/archives/2014/10/24/(Sneak-Preview,-1626-min.)-4-Critical-Elements-of-High-Confidence-Trading.aspx On October 28, one of our top instructors, Jeffrey Kennedy, will present Session 1 of his new, 5-session trading course, “4 Critical Elements of High-Confidence Trading.” Here’s a quick preview. Learn How the Wave Principle Can Improve Your Trading Related Posts:Trading Signals for ETH/USD (Ethereum) for April 15-17,… April 15, 2024 Early in the […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The U.S. economy grew 4.6% in Q2 of this year, a big leap from the 2.1% contraction in Q1. The jobless rate also improved to 5.9%. So why is the Dow several hundred points below its September 19 all-time high? Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment – Investors […]
Editor’s note: With permission, the following article was adapted from the October 2014 issue of The Elliott Wave Financial Forecast, a publication of Elliott Wave International, the world’s largest market forecasting firm. You may review an extended version of the article for free here. In February, The Elliott Wave Financial Forecast discussed the great boom […]
Today’s support and resistance levels: R3: 1.6243 R2: 1.6216 R1: 1.6168 Current spot: 1.6163 S1: 1.6118 S2: 1.6092 S3: 1.6057 Technical summary: We have seen a nice impulsive rally to 1.6216, but we still have not seen the break above important resistance at 1.6243, which keeps the expanding diagonal alive. That said, we do favor […]
Today’s support and resistance levels: R3: 137.82 R2: 137.50 R1: 137.01 Current spot: 136.78 S1: 136.70 S2: 136.52 S3: 136.29 Technical summary: It is still not clear, whether wave B ended at 137.01 or wave B still needs a little more upside towards the 137.82 – 137.94 area to finish wave B. We slightly prefer […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Have you noticed that stocks and oil have been trending together? Learn why you should expect an “all the same market” scenario. Learn How the Wave Principle Can Improve Your Trading Related Posts:Video market update for April 15, 2024 April 15, 2024 Potential for the further rally on USD/JPYThe material has been…EUR/USD. April 15th. […]
