Today’s Support and Resistance levels: R3: 139.74 R2: 139.31 R1: 139.10 Current spot: 138.74 S1: 138.63 S2: 138.51 S3: 138.38 Technical summary: We are still looking for a correction slightly higher towards 139.74 to end blue wave iv before the next decline in blue wave v towards 137.21. The short-term support at 138.51 ideally will […]
The current issue of The Socionomist offers a perspective on the rise of Hitler that you haven’t read before — because it begins with mood. It explains the otherwise inexplicable, in a way that is credible and satisfying. Here’s how to get a perspective you haven’t read before: http://bit.ly/1nuzzfU Enjoy this video from Elliott Wave […]
Today’s Support and Resistance levels: R3: 1.6043 R2: 1.6004 R1: 1.5960 Current spot: 1.5946 S1: 1.5938 S2: 1.5907 S3: 1.5892 Technical summary: Just as it looked like, the wave three was well under way, we saw a “bigger” correction than expected. However, it does not change our overall view of a new impulsive rally developing. […]
Today’s Support and Resistance levels: R3: 140.21 R2: 139.74 R1: 139.31 Current spot: 138.95 S1: 138.58 S2: 138.14 S3: 137.55 Technical summary: We have changed our short-term count slightly. We have moved blue wave iii down to 138.14 as this count would fit the internal Fibonacci relationships better. That means we are now looking for […]
My dad will turn 84 this year. When he was born, you could walk into a Federal Reserve Bank or the Treasury and redeem your paper money for gold. It actually said you could on every piece of U.S. paper currency: “Redeemable in gold on demand at the United States Treasury, or in Gold or […]
Today’s Support and Resistance levels: R3: 1.6136 R2: 1.6083 R1: 1.6043 Current spot: 1.6002 S1: 1.5991 S2: 1.5966 S3: 1.5923 Technical summary: The strong rally we saw yesterday is clearly what we would expect from wave three and is very encouraging of our view that a major long-term bottom is in place at 1.5730. Ideally […]
Today’s Support and Resistance levels: R3: 140.15 R2: 139.63 R1: 138.93 Current spot: 138.61 S1: 138.58 S2: 138.17 S3: 137.38 Technical summary: It seems to be heading directly lower towards the red wave iii target at 137.01. The short-term minor resistance at 138.93 will ideally protect the upside for a break below support at 138.58 […]
“Those running the Fed are always heroes near the top of the market. That’s why smiling central bankers made the covers of magazines in 1999 and 2007. This chart illustrates my point.” See what we see — today, 100% free. Begin your free 2-week trial now » http://bit.ly/1ndsQqT Enjoy this video from Elliott Wave International […]
See what we see — today, 100% free. Begin your free 2-week trial now » http://bit.ly/1ndsQqT Enjoy this video from Elliott Wave International Learn How the Wave Principle Can Improve Your Trading Related Posts:Week Ahead – ECB decision and US inflation to fuel FX… April 7, 2024 Central bank decisions in Eurozone, Canada, and New […]
Today’s Support and Resistance levels: R3: 1.6059 R2: 1.5985 R1: 1.5905 Current spot: 1.5895 S1: 1.5834 S2: 1.5785 S3: 1.5730 Technical summary: We have seen a strong rally from the 1.5730 low. This could mean that a long-term bottom is in place. We only saw a slightly lower low at 1.5730, but we knew that […]
Today’s Support and Resistance levels: R3: 140.37 R2: 139.88 R1: 139.42 Current spot: 139.32 S1: 138.75 S2: 138.12 S3: 137.36 Technical summary: We have seen a minor five wave decline from 142.47 to end blue wave iii and we should look for a minor correction towards 139.88 before the next powerful decline towards 137.01 to […]
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Today’s Support and Resistance levels: R3: 1.5985 R2: 1.5917 R1: 1.5858 Current spot: 1.5785 S1: 1.5717 S2: 1.5686 S3: 1.5653 Technical summary: We are now in the very last part of the decline from 1.7274. Once this huge correction is over a new powerful rally should be seen. We are still looking for a move […]
The government and the quasi-governmental bank, the U.S. Federal Reserve, do not want you to read this report we are about to share with you, because it uncovers the devastating impact they have had on the nation’s money (YOUR money), as well as the U.S. economy and financial markets. Operating under a government mandate and […]
Today’s Support and Resistance levels: R3: 140.37 R2: 139.88 R1: 139.43 Current spot: 139.18 S1: 138.75 S2: 138.12 S3: 137.36 Technical summary: The decline is accelerating in wave three lower, just as we were expecting. As the next downside target for red wave iii we are looking for 137.01, but after a flat kind of […]
Even after a five-year economic recovery, states and municipalities still struggle with severe revenue shortfalls and debt downgrades. Learn why the next economic crisis could mean financial disaster for some of the nation’s most populous cities and states: http://bit.ly/1ndsQqT Enjoy this video from Elliott Wave International Learn How the Wave Principle Can Improve Your Trading […]
The Submarine Analogy: How Socionomists Anticipate Beneath-the-Surface Changes in Mass Psychology. Read the transcript of this video here: http://bit.ly/1lzAb4d. With the socionomic insight, you can position yourself to benefit from major shifts in the markets and society — from trends in business, politics and education to medicine, pop culture and beyond. Subscribe now to The […]
Today’s Support and Resistance levels: R3: 1.6059 R2: 1.5985 R1: 1.5906 Current spot: 1.5835 S1: 1.5820 S2: 1.5750 S3: 1.5653 Technical summary: The break below support at 1.5865 finally settled the uncertainty. The downside pressure is still dominating for a move closer to the possible long-term target at 1.5653. That said, we have to remember […]
Today’s Support and Resistance levels: R3: 140.50 R2: 140.27 R1: 139.96 Current spot: 139.65 S1: 139.10 S2: 138.62 S3: 138.13 Technical summary: As expected we saw the simple zig-zag correction end at 140.85 and the following break below the support at 139.84 that will add considerable downside pressure to this cross. We are looking for […]
Recently, Barron’s included an article from Robert Prechter, founder of Elliott Wave International (EWI), the world’s largest financial forecasting firm. It was adapted from a recent issue of Prechter’s Elliott Wave Theorist, the investment letter the famed market forecaster has published every month since 1979. Part monetary history lesson, part big-picture market forecast, the full […]
Former U.S. Treasury secretary Timothy Geithner has a new book out. As I was watching his interview on CNBC Monday morning, I was struck by something Mr. Geithner said when asked where the market was going…much longer will this rally last? Get answers today, 100% free — start your free 2-week trial now » http://bit.ly/1ndsQqT […]
Today’s support and resistance levels: R3: 1.6179 R2: 1.6059 R1: 1.5990 Current spot: 1.5928 S1: 1.5920 S2: 1.5860 S3: 1.5820 Technical summary:We are locked in a range, which is best described as “no man’s land”. As the underlying downtrend still has not been reversed, we will keep looking for a clues of a continuation lower […]
Today’s support and resistance levels: R3: 141.57 R2: 141.10 R1: 140.95 Current spot: 140.73 S1: 140.50 S2: 140.13 S3: 139.84 Technical summary:Since the 139.84 low a simple zig-zag correction has unfolded. This correction should soon end for renewed downside pressure towards 139.84 and lower towards 137.01. Short-term break below minor support at 140.13 would confirm […]
Today’s Support and Resistance Levels: R3: 1.6178 R2: 1.6058 R1: 1.6028 Current Spot: 1.5999 S1: 1.5980 S2: 1.5960 S3: 1.5935 Technical Summary: Yesterday, we saw something like a roller coaster ride. Important short-term resistance at 1.6112 was broken. That could indicate that we saw a fifth wave failure at 1.5869. The fifth wave failures are […]
Today’s Support and Resistance Levels: R3: 140.96 R2: 141.22 R3: 141.66 Current Spot: 140.60 S1: 140.50 S2: 140.23 S3: 140.08 Technical Summary: We finally saw the break below important support at 140.99 (should now act as resistance), but it was not without struggle first. The price spiked to 142.36 as ECB was seen leaving the […]
Five years after sovereign Debtzilla wreaked holy havoc on Europe’s financial sector, is it finally safe to reinvest? Are — as so many mainstream pundits would have you believe — Euro banks the ultimate recovery play? Find out with your free trial: http://bit.ly/1ndsQqT Enjoy this video from Elliott Wave International Learn How the Wave Principle […]
Today’s Support and Resistance levels: R3: 1.6277 R2: 1.6202 (critical level) R1: 1.6112 Current spot: 1.6093 S1: 1.6027 S2: 1.5988 S3: 1.5869 Technical summary: As long as short term important resistance at 1.6112 protects the upside we will be looking for a break below short-term support at 1.6027 as indication that the final decline towards […]
Today’s Support and Resistance levels: R3: 142.47 R2: 142.09 (critical level) R1: 141.74 Current spot: 141.71 S1: 140.99 S2: 140.23 S3: 139.15 Technical summary: The continued range trading is frustrating, but it does not change our view of more downside pressure as long as the critical level at 142.09 protects the upside. However, to get […]
Many investors assume that any market correction will be short lived. The crowd was similarly complacent early in the 2007-2009 severe market decline. See a chart that tells a story that you need to know now. Start your free trial: http://bit.ly/1ndsQqT Enjoy this video from Elliott Wave International Learn How the Wave Principle Can Improve […]
Today’s Support and Resistance levels: R3: 1.6202 (Critical level) R2: 1.6108 R1: 1.6075 Current spot: 1.6047 S1: 1.5988 S2: 1.5869 S3: 1.5766 Technical summary: We are in the final wave lower towards the ideal target near 1.5653. We have seen a sharp rally from the 1.5869 low, but this did not break above minor resistance […]
