Wave summary: We saw a new low 1.5397, before the next rally higher and the break above the channel resistance line at 1.5551 is the first good indication that the correction in wave ii finally has come to an end and a new impulsive rally is developing. A clear break above minor resistance at 1.5627 […]
Wave summary: Important short-term resistance at 113.27 is currently being tested. A clear break above this resistance has not yet been seen, but it is expected to be seen soon. A confirmed break above 113.27 will be the first strong indication of a corrective low being in place at 112.31 for a rally back to […]
Knowing where you are within a trend helps you see around the next corner By Elliott Wave International [Editor’s note: A text version of the interview is below.] Steve Hochberg, our Chief Market Analyst, sits down with ElliottWaveTV to talk about his background, how he discovered the Wave Principle, and why “it’s applicable to all […]
Wave summary: Unfortunately, our fear that the corrective decline in wave ii from 1.5839 needed more downside room closer to 1.5330 proved correct. We still see this correction as a nice buy set-up, but we need to let it have more time to complete. From support at 1.5330 or upon a break above 1.5627 the […]
Wave summary: The most recent price action is of concern to our long-term bullish outlook, but as long as important support at 110.79 is able to protect the downside, we will keep the bullish outlook as out preferred count. Under this count, we need a break above minor resistance at 113.27 to strongly indicate the […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG The federal government is good at lending taxpayer money to borrowers who are unable or unwilling to pay it back. It happened during the housing bust, and now, some seven million people are in default on their student loans. Find out why we anticipate that the number will rise dramatically. Learn How the Wave […]
New interview with the co-editor of our monthly Financial Forecast newsletter. Learn more about Pete Kendall’s forecasts and analysis: http://www.elliottwave.com/wave/PeteK Learn How the Wave Principle Can Improve Your Trading Related Posts:GBP/USD. April 12th. British economy continues to stagnate April 12, 2024 On the hourly chart, the GBP/USD pair returned to 1.2517…What’s behind the US economy’s […]
Alan Hall, Senior Researcher at the Socionomics Institute, talks about the recent outbreak of the Zika virus. Alan explains that negative social mood created social conditions in which the Zika virus was able to spread. Learn more: http://www.socionomics.net Learn How the Wave Principle Can Improve Your Trading
Wave summary: EUR/NZD once again failed to break above the resistance line from 1.5839 triggering the buy set-up that has been building. We still think that a break above this resistance line near 1.5594 will be broken soon, but we also have to acknowledge that it keeps the risk of one more corrective leg lower […]
Wave summary: The corrective decline from 118.40 continues to push lower, but we are now seeing a clear loss of downside momentum. At the same time, wave [ii] now has corrected 78.6% of wave [i] and the potential downside from here seems very limited. That said, a break above minor resistance at 113.51 will be […]
http://www.socionomics.net/2015/03/get-the-current-issue/ If the stock market does anticipate risks to public health, it is no surprise that the explosive outbreak of the Zika virus has been centered in Brazil. Learn How the Wave Principle Can Improve Your Trading Related Posts:Will Netflix earnings take the share price closer to its… April 15, 2024 Netflix is set to […]
In part 2 of this in-depth interview with Steve Hochberg, he explains what makes Elliott wave analysis so useful and practical. To get more free financial insights, like this one, visit: http://bit.ly/2auuDwQ Learn How the Wave Principle Can Improve Your Trading Related Posts:Hot forecast for EUR/USD on April 12, 2024 April 12, 2024 The main […]
Wave summary: We are still looking for a break above the minor resistance line near 1.5610 as the first strong indication that the corrective decline from 1.5839 finally has completed and a new impulsive rally higher towards 1.6652 should be expected.The corrective decline from 1.5839 is a strong bullish set-up, but we need the break […]
Wave summary: The corrective decline from 118.40 continues to press lower and is currently testing the support line from the 109.48 low. This support should ideally be able to protect the downside for a break above minor resistance at 114.81 being the first strong indication that the corrective decline is complete and a new impulsive […]
Steve Hochberg, our Chief Market Analyst, sits down with ElliottWaveTV to talk about his background, how he discovered the Wave Principle, and why “it’s applicable to all markets.”. This is part 1 of our in-depth interview. Come back on August 3 to watch part 2, where Steve explains what else makes Elliott wave analysis so […]
Wave summary: With the clear break above 1.5538 we have seen the first strong indication that the corrective decline in wave ii completed at 1.5411 and wave iii higher towards 1.6652 is developing. To confirm that wave iii indeed is well underway, we still need to see a break of the resistance at 1.5660 to […]
Wave summary: Our preferred count shows that the corrective low of wave [ii] was seen at 113.85 and a new strong impulsive rally higher towards 126.00 is about to take off. Short term a break above minor resistance at 115.31 will be the first strong indication that wave [ii] is complete and wave [iii] is […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG The U.S. economy grew at a snail’s pace in Q2. The preliminary GDP annual growth rate of 1.2% took polled economists by surprise. They expected an increase more than twice that high. Find out how we anticipate economic trend changes. Learn How the Wave Principle Can Improve Your Trading Related Posts:GBP/USD. April 12th. British […]
Wave summary: The correction in wave ii took a long way and declined to 1.5411 (just above the 61.8% corrective target at 1.5365). The decline to 1.5411 could be enough, but then a break above minor resistance at 1.5538 and more importantly above 1.5640 will be needed to confirm the corrective low is in place […]
Wave summary: We have seen the expected decline closer to the 61.8% corrective target at 113.70 (the low has been seen at 113.85), so a little more downside closer to the ideal 113.70 target can not be excluded before the next impulsive rally. In the short term, a break above minor resistance at 115.32 will […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG Eating out is a bull market phenomenon. When people are in an upbeat mood, they tend to splurge at restaurants on food and drinks. But a shift appears underway. One analyst sees similarities to the first half of 2007, just before a major financial downturn. Learn How the Wave Principle Can Improve Your Trading […]
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Wave summary: The big question here is whether wave ii already completed at 1.5493 or one more decline closer to 1.5404 is needed to complete wave ii and set the stage for the next impulsive rally higher towards 1.6095 and above? A direct break above minor resistance at 1.5707 will confirm that wave ii is […]
Wave summary: Disappointment over BoJ easing measures has morphed the correction in wave [ii] into a more complex structure. Short term, one more decline closer to the 61.8% corrective target at 113.70 could be seen before the correction in wave [ii] finally comes to rest and a new impulsive rally higher towards important resistance at […]
Will the Drug Enforcement Agency remove marijuana from the same drug classification as heroin and LSD? Socionomics Institute Director Matt Lampert weighs in — watch now. Learn more: http://www.socionomics.net Learn How the Wave Principle Can Improve Your Trading
Wave summary: The failure to break above the minor resistance-line from 1.5837 has prolonged the corrective decline in wave ii and we need to allow for a move closer to the 61.8% corrective target of wave i at 1.5403 as long as the minor resistance-line currently near 1.5640 is able to protect the upside. However, […]
Wave summary: The failure to rally above minor resistance at 116.71 has prolong the consolidation in red wave ii and we need to allow for a decline closer to 115.42 before red wave ii finally is complete and red wave iii will be ready to take over for a rally towards 120.02. To confirm that […]
Steve Craig, editor of our Energy Pro Service, tells you what to make of the current sentiment picture in oil – and what he’s looking for down the road in crude, natural gas and more. Learn more: http://www.elliottwave.com/wave/Craig Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis of Daily Price Movement of […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG U.S. public pension fund returns have been hurt by a long stretch of low interest rates. Today, the funding gap stands at an astounding $3.4 trillion. Our research and others’ suggests the bankruptcies of Detroit and San Bernardino may be only previews of what’s the come for at least five other major cities on […]
Wave summary: As we said yesterday, the corrective decline from 1.5839 did not look complete and one more decline to 1.5506 should be expected. We then laid out a path that might account for the move towards 1.5506. We did not see a rally to 1.5730 before the decline to 1.5506 (the low has been […]
