Wave summary: Only a break above 1.5553 will confirm the next impulsive rally higher to 1.5969 and higher. As long as resistance at 1.5553 is able to act as cap more corrective behavior between 1.5300 and 1.5510 can’t be excluded. We even can not exclude a final break below 1.5300 for a move closer to […]
Wave summary: The correction in wave [ii] could be complete with the test of 114.13 and the next impulsive decline closer to the ideal downside target at 104.15 could be developing. To indicate that wave [iii] lower has taken over a break below support at 113.03 should be seen. A break below support at 113.03 […]
Wave summary: We continue to look for a break above resistance at 1.5553 to confirm that wave [iii] of iii higher towards 1.5969 and above is developing. Ideally we will see support at 1.5299 continue to act as a floor for the rally above 1.5553, but only a break below important support at 1.5124 will […]
Wave summary: The failure to break below support at 112.05 is disappointing and calls for a larger correction in wave [ii] and a move closer to the 114.40 – 114.55 area before wave [ii] is complete and wave [iii] takes over for a decline below 112.05 for a decline towards the ideal target near 104.15. […]
Tom Prindaville, the editor of Elliott Wave International’s U.S. Intraday Stocks Pro Service, tells you why he’s looking for increased volatility heading into the month of October. Get more financial insights like these — 100% free. Just follow this link: http://www.elliottwave.com/wave/etv2016 Learn How the Wave Principle Can Improve Your Trading Related Posts:Financial future on the […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service Many public pension funds appear on the brink of full-blown crisis. The financial numbers are alarming, even as the stock market trades near a record high. Police and firefighters in one big city are “quitting in droves” because they fear their promised pensions are in jeopardy. Learn How the Wave Principle Can Improve Your […]
Wave summary: We have seen the expected corrective decline in the wave [ii] to 1.5288 and now the price is likely to rally strongly above the resistance at 1.5553 towards 1.5969 and likely even higher to 1.6491. The support at 1.5288 is expected to act as a floor for the next impulsive rally. However, only […]
Wave summary: As expected, the minor resistance at 113.62 capped the upside for a new decline to below 112.48, but the price needs to break below the support at 112.05 to accelerate the downward movement closer to 108.58. In the short term, we expect minor resistance around 113.06 to cap the upside for the next […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www2.elliottwave.com/club/signuplt/newsletters.aspx We forecast the low and rally in the emerging market index. Yet, that’s when then the pattern got REALLY interesting… Learn How the Wave Principle Can Improve Your Trading Related Posts:Can Q1 earnings season refuel the equity market rally? –… April 7, 2024 Earnings parade unofficially starts on April 12 with major US banks…Market Comment […]
Wave summary: The break above 1.5511 confirmed that the long-term corrective decline from 1.9023 completed with the test of 1.4989, and that a new impulsive rally is developing. On a short-term basis, we expect that support at 1.5288 will act as a floor for the next impulsive rally higher towards 1.5969 and possibly even further […]
Wave summary: After the pair has broken out of the triangle, further downside movement towards the long-term corrective target at 104.15 is expected. Resistance at 114.40 should continue to cap the upside for a break below 112.48 and 112.05 for the next move lower towards 104.15 to complete the long-term corrective decline from 149.56 and […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service Small investors have grown apathetic toward the stock market. On the other hand, institutional investors like hedge funds are extremely bullish. There’s a parallel in market history. Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment – Stocks rally, yields slump as Powell… November 2, 2023 Powell signals Fed is likely […]
EUR/NZD – Weekly EUR/NZD – 4 Hourly Wave summary: With the break above 1.5515 our preferred count calling for one final decline closer to 1.4705 was invalidated. We have been back to re-analyzing and re-counting the decline from 1.6931 and the best fit seems to be that wave ii did unfold as a triangle that […]
Wave summary: The minor correction in red wave ii completed with the test of 113.62 and we are now looking for a break below minor support at 113.13 as the first indication that wave iii lower towards at least 108.58 is developing. Longer term, we will be looking for this final decline from 149.56 to […]
Wave summary: The break above 1.5330 has altered the count for wave [iv]. Instead of being complete at 1.5510 wave [iv] is turning into a triangle consolidation and needs a couple of squiggles more to completed the triangle, but once complete a final decline towards 1.4705 should be seen to complete the long-term corrective decline […]
Wave summary: We are currently looking for wave [iii] lower towards at least 108.58. In the short term, a break below minor support at 112.79 will indicate downside acceleration through the 112.05 low towards 108.58 and maybe even lower. We are currently in the final impulsive decline of the correction that started way back at […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/Investor-Research/European-Financial-Forecast-Service The consequences of a negative social mood are far-reaching. One example is that the political party in power often faces a backlash from voters. Another is the emergence of an “us vs. them” sentiment. Both are at play in Germany. Keep an eye on the DAX index. Learn How the Wave Principle Can Improve […]
Wayne Gorman is the head of Elliott Wave International’s Educational Resources department. With more than 30 years of experience as a Wall Street risk manager and trader, he began his career at Citibank where he managed trading positions in money markets and derivatives. He traded full-time with his own capital for more than four years […]
Wave summary: We continue to expect that minor resistance at 1.5330 will be able to act as a cap for renewed downside pressure towards 1.4705. In the short term, a break below minor support at 1.5200 will confirm the next decline closer to 1.4705. Only an unexpected break above 1.5330 will delay the expected decline […]
Wave summary: The rally from 112.49 failed miserably and turned back below the low before the BoJ meeting at 112.49 firmly tipping the count back in the triangle camp. This means that one more decline to below 109.49 should be expected, with the ideal downside target seen at 106.03. A break below minor support at […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG A battle between bull and bear market forces is being fought in the U.S. housing market. On the one hand, millennials are living with their parents longer. On the other, one Connecticut estate aims to become the most expensive residential property in the nation. A victor between bull and bear impulses will eventually emerge. […]
Wayne Gorman is the head of Elliott Wave International’s Educational Resources department. With more than 30 years of experience as a Wall Street risk manager and trader, he began his career at Citibank where he managed trading positions in money markets and derivatives. He traded full-time with his own capital for more than four years […]
Wave summary: We continue to look for the final decline close to 1.4705 to complete the long-term corrective decline from 1.9023. Ideally we will see minor resistance at 1.5330 protect the upside for a clear break below support at 1.5217, confirming the final decline to 1.4705 is developing. Once the ending diagonal is complete near […]
Wave summary: Ahead of the BoJ meeting today, the JPY strengthened and EUR/JPY broke support at 113.11 indicating more downside pressure, which was seen to 112.49. BoJ decided to keep its negative rates unchanged. However, it abandoned the base money target and replaced it with a set of “yield curve controls” and finally it said, […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www2.elliottwave.com/club/signuplt/newsletters.aspx Most economists and most of Wall Street and most the financial media believe that central banks set interest rates. Problem is, that notion is incorrect. And all the relevant evidence shows that it’s incorrect… Learn How the Wave Principle Can Improve Your Trading Related Posts:Behind the scenes of Wall Street’s rise: the impact of… […]
Wave summary: We are still looking for a firm break below support at 1.5217 confirming a new decline to 1.4989 and lower to 1.4705 to complete the ending diagonal. Once the bottom is in place, a new strong rally back to at least 1.5839 should be expected, but longer term even more upside will be […]
Wave summary: We will remain cautiously bullish as long as important support at 113.11 acts as a floor, but on the other side, a break above minor resistance at 114.30 and more importantly a break above resistance at 116.08 will be needed to ease the downside pressure and confirm a new rally to 118.47 and […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG Millions of investors analyze the Fed’s every word. But do central banks control financial markets? It’s time to take a close look at the data. Learn How the Wave Principle Can Improve Your Trading Related Posts:RBNZ may start laying groundwork for a rate cut – Preview April 7, 2024 A dovish shift seems to […]
Wave Summary: We have seen the expected decline from 1.5507 and is looking for a strong break below support at 1.5217 to confirm that the final leg lower in the ending diagonal towards 1.4705 is unfolding. Short term, resistance is seen at 1.5353. This resistance will ideally be able to protect the upside for a […]
Wave Summary: The break below 113.90 is disappointing and has invalidate the 1-2 / 1-2 option. Instead it keeps the two main options firmly alive. As long as support at 113.11 act as a strong floor, the preferred count remains, that a new impulsive rally is developing from 109.49. However, the alternative count shows a […]
