http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx We’ve all heard the phrase “buy the dip.” Now, market optimism has reached such an extreme that many investors are saying, “buy the bad news.” Learn why this view is fraught with financial danger. Learn How the Wave Principle Can Improve Your Trading Related Posts:Financial future on the horizon: US stocks rise ahead of… […]
Continue reading below, or follow this link to read the full article now » An Epic Optimism that Can Be Reversed Only by a Huge Bear Market Recent weeks brought the biggest confrontation with Moscow since the Cold War, a race riot, a new low in the popularity of President Obama and grisly beheadings at […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx There are many notions out there about stock market behavior that the investing public will embrace from time to time. For example… Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – EURCHF bulls eye September high October 31, 2023 EURCHF continues to edge aggressively higher It tests the support…EUR/USD. Analysis […]
Today’s support and resistance levels: R3: 1.5693 R2: 1.5660 R1: 1.5635 Current spot: 1.5624 S1: 1.5596 S2: 1.5572 S3: 1.5544 Technical summary: The failure to break above resistance at 1.5800 and the break below support at 1.5646 was dissapointing and indicates that an even more complex correction from 1.5899 is unfolding. However, we should still […]
Today’s support and resistance levels: R3: 136.84 R2: 136.61 R1: 136.35 Current spot: 136.27 S1: 136.05 S2: 135.95 S3: 135.73 Technical summary: The decline from 138.00 has been much stronger than anticipated. The break below 136.41 invalidated the one/two – one /two count and has forced a short-term recount. However, the bullsih count stay valid […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Central banks in the U.S. and Europe have gone all out to inflate. Even so, economies on both sides of the Atlantic remain in a rut. Inflation rates are well below the targeted 2%. The reason can be summed up in just two words. Learn How the Wave Principle Can Improve Your Trading Related […]
Today’s support and resistance levels: R3: 1.5833 R2: 1.5810 R1: 1.5787 Current spot: 1.5776 S1: 1.5761 S2: 1.5740 S3: 1.5718 Technical summary: We have seen the expcted correction lower from the 1.5833 high. We should be ready for a new rally any time now. In the short term, a break above minor resistance at 1.5810 […]
Today’s support and resistance levels: R3: 138.47 R2: 138.27 R1: 138.01 Current spot: 137.89 S1: 137.68 S2: 137.58 S3: 137.38 Technical summary: We have seen the expected small correction from the 138.27 high. Now, we should be ready for the next rally higher through 138.01 and more importantly above 138.27 for a rally towards 140.07 […]
If financial market speculation were easy, then everyone would be well off — and the legendary investor Warren Buffett would be just a nice rich guy from Omaha with really cool glasses. The reality is, successfully navigating the near- and long-term trends is exceptionally difficult. Gains can be big, but losses can often be even […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Subprime mortgage loans nearly doomed the economy during the 2007-2009 financial crisis. The lessons from that scary time were never learned. Two major sectors of the economy are now fervently pursuing subprime borrowers. Among finance companies, risky loans have doubled since 2010. Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis […]
Today’s support and resistance levels: R3: 1.5891 R2: 1.5864 R2: 1.5833 Current spot: 1.5794 S1: 1.5778 S2: 1.5761 S2: 1.5740 Technical summary: The strong rally from the wave 2 low at 1.5646 is clearly impulsive in character and indicates, that much more upside will be seen in the coming weeks. In the short term, we […]
Today’s support and resistance levels: R3: 138.47 R2: 138.27 R1: 138.08 Current spot: 138.02 S1: 137.75 S2: 137.58 S3: 137.38 Technical summary: We have seen a small break above important resistance at 138.00, which indicates that more upside will be seen after a small correction towards 137.38, from where the next strong rally higher towards […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.socionomics.net/learn-about-socionomics/ How did a person like Hitler REALLY come to power? This answer is NOT one you’ve heard before. Watch. Learn How the Wave Principle Can Improve Your Trading Related Posts:EUR/USD. April 19th. Bostic, Fed: the rate cut will happen… April 19, 2024 The EUR/USD pair on Thursday rose almost to the corrective…
Today’s support and resistance levels: R3: 1.5782 R2: 1.5760 R1: 1.5743 Current spot: 1.5721 S1: 1.5709 S2: 1.5701 S3: 1.5690 Technical summary: The rally above 1.5725 indicates that wave 2 ended early at 1.5646 and wave 3 higher is already developing. In short run, we could see a minor correction towards 1.5683 before the next […]
Today’s support and resistance levels: R3: 138.00 R2: 137.90 R1: 137.73 Current spot: 137.50 S1: 137.43 S2: 137.27 S3: 137.17 Technical summary: The break above minor resistance at 137.29 has put the inverse S/H/S bottom into play. We still need a clear break above the neckline at 138.00 to trigger this bottom-formation, but if triggered […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx All stock market rallies eventually end. Many observers expect the current rally to accelerate northward before the start of the next downtrend. But market history tells a different story. Learn what to look for so you can prepare. Learn How the Wave Principle Can Improve Your Trading Related Posts:Video market update for April 15, […]
Today’s support and resistance levels: R3: 1.5767 R2: 1.5741 R1: 1.5724 Current spot: 1.5716 S1: 1.5685 S2: 1.5663 S3: 1.5630 Technical summary: The break below 1.5692 tells us, that a more complex correction is unfolding. This correction could move as low as 1.5398, but we find it more likely, that the maximum for this correction […]
Today’s support and resistance levels: R3: 137.29 R2: 137.05 R1: 136.81 Current spot: 136.61 S1: 136.36 S2: 136.06 S3: 135.73 Technical summary: We have finally seen the expected break below short-term important support at 136.81, which ideally will protect the upside now; but only a break above resistance at 137.29 will cause concern. We are […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The second quarter U.S. GDP has just been revised upward from 4% to 4.2%. That’s a very impressive number. And everyone knows that when the economy is strong, so is the stock market… Except, it’s not exactly true. Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – Goldman Sachs stock […]
Today’s support and resistance levels: R3: 1.5830 R2: 1.5782 R1: 1.5755 Current spot: 1.5744 S1: 1.5714 S2: 1.5692 S3: 1.5663 Technical summary: We are at the exact same level as yesterday. We are still looking for important support at 1.5692 to protect the downside for a break above minor resistance at 1.5755 and more importantly […]
Today’s support and resistance levels: R3:137.42 R2: 137.29 R1: 137.15 Current spot: 137.07 S1: 136.92 S2: 136.81 S3: 136.61 Technical summary: We saw the expected test of important short-term support at 136.81, but it was not able to break below this support firmly. It has cause some consolidation just above this support. However, we are […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Overleveraged banks could send the economy into another financial crisis. That’s the message of a Stanford finance professor who’s been on a mission to get banks to raise their reserve levels. She says “something is very wrong” with the banking industry. Learn How the Wave Principle Can Improve Your Trading Related Posts:Banks Q1 earnings: […]
Today’s support and resistance levels: R3: 1.5830 R2: 1.5800 R1: 1.5764 Current spot: 1.5744 S1: 1.5714 S2: 1.5692 S3: 1.5663 Technical summary: Key resistance at 1.5867 rejected prices again. We have seen an unexpected deep correction. But as long as important support at 1.5692 protects the downside, we regard this decline as part of a […]
Today’s support and resistance levels: R3: 137.42 R2: 137.26 R1: 137.15 Current spot: 136.93 S1: 136.92 S2: 136.81 S3: 136.61 Technical summary: We have seen a test of key support at 136.81, which has rejected this first test for a minor correction towards 137.26 before the next decline can be expected. The next test should […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Market sentiment can be a powerful trend gauge. Some sentiment indicators are anecdotal; others you can track and measure. The good thing about the measurable indicators is that you can compare their current readings with readings at previous market tops and bottoms. Here’s one of them. Learn How the Wave Principle Can Improve Your […]
If you are serious about trading, Elliott Wave International’s (EWI) Jeffrey Kennedy has some advice for you: learn emotional discipline. In this article from his Trader’s Classroom Collection, he shares some expensive lessons he learned during his 20+ years trading the markets. EWI is hosting a free Trader Education Week through August 27. It will […]
Today’s support and resistance levels: R3: 1.5898 R2: 1.5888 R1: 1.5867 Current spot: 1.5828 S1: 1.5815 S2: 1.5796 S3: 1.5785 Technical summary: We have seen a break above minor resistance at 1.5824 as the first strong indication, that wave 3 higher is unfolding, but we still need a break above resistance at 1.5867 to confirm […]
Today’s support and resistance levels: R3: 137.67 R2: 137.47 R1: 137.30 Current spot: 137.12 S1: 137.01 S2: 136.81 S3: 136.61 Technical summary: We have seen a break below the minor support line from 135.73, which is the first strong indication that the final wave v decline towards 134.34 is unfolding, but we still need a […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Even after a 5½-year stock market rally, some professional investors expect the upward trend to continue. One previously staunch bear has just turned bullish and another professional investor sees a bull market lasting for years. Have we reached the final peak in financial optimism? Learn How the Wave Principle Can Improve Your Trading Related […]
Today’s support and resistance levels: R3: 1.5844 R2: 1.5825 R1: 1.5799 Current spot: 1.5771 S1: 1.5767 S2: 1.5735 S3: 1.5693 Technical summary: We saw the expected decline in wave c of 2 to just below our target at 1.5716 (the low came in at 1.5693). Now, we are looking for a break above resistance at […]
