http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx U.S. corporations have doubled the amount of their stock buybacks from a year ago. Learn why this development should serve as a neon warning to investors. Learn How the Wave Principle Can Improve Your Trading Related Posts:Video market update for April 05, 2024 April 7, 2024 Potential for the further drop on NAS100 ….The […]
Technical summary: We have seen a small expanded flat correction as green wave ii and is looking for an extended green wave iii higher to 1.4576 soon. Ideally, we will see support at 1.4260 protecting the downside for a break above minor resistance at 1.4334 and more importantly above 1.4343 confirming the rally to 1.4576. […]
Technical summary: We have five waves down from 149.55, which could indicate a bottom in place. But the rally of the 126.87 low is not impulsive, at least not yet. So, we have to use the facts we do have. They say the overall pressure remains directed to the downside for a final decline closer […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The U.S. Dollar Index just had its largest weekly decline since May 2014. Is this the start of a major downtrend or just a correction in a long-term bull market? Learn more. Learn How the Wave Principle Can Improve Your Trading Related Posts:What to expect for the dollar next week? April 7, 2024 The […]
Technical summary We did see a decline towards 1.4079, but it fell short and stopped already at 1.4128 for a quick reversal, which has all the earmarks of being impulsive and if this is the case, we should turn our focus towards the upside for a break above 1.4631 soon. Until now we have seen […]
Technical summary: Has a bottomed been seen or will we see one final decline closer to 125.98? Well, that’s the question. As long as resistance at 131.74 protects the upside, one more decline closer to 125.98 cannot be ruled out. However, that possibility seems weak above 131.74. If a bottom has been seen, we should […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Crude oil is not the only market where prices have plunged recently. Milk prices are also down — by a third! — from last year’s peak. And here’s why it’s not necessarily good news. Learn How the Wave Principle Can Improve Your Trading Related Posts:UK house prices surge November 1, 2023 The pound sterling […]
Technical summary: The decline from 1.4631 (the top of wave iv) has already broken below a low of wave iii at 1.4289 confirming that wave v lower to 1.4079 is unfolding. In the short term, the minor resistance at 1.4340 should protect the upside for a decline towards 1.4079. A break above 1.4340 is going […]
Technical summary: The failure to break below support at 128.24 questioned whether more downside would be seen. We have labeled the rally of the 126.87 as a possible complex correction, but the size of this rally already seems to be of a larger proportion that all of the decline from 135.29, which could mean that […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The psychology that prompts investors to bottom fish almost guarantees that a bottom will be elusive. Many oil speculators have recently discovered this the hard way. Our first chart tells the story. Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis of Intraday Price Movement of Filecoin… April 7, 2024 With […]
Technical summary: It’ s not yet quiet clear whether wave C of the expanded flat correction has terminated or one final decline closer to 125.98 is missed. Our count argues for one more decline and a break below minor support at 128.24 that is likely to support the case for one final decline closer to […]
Technical summary: We have seen a move lower, and the break below minor support at 1.4367 does argue for more downside pressure towards at least 1.4048 and more likely lower towards 1.3846. However, the decline from 1.4437 is not yet overly convincing, but we are going to let bears have the benefit of the doubt […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx No one knows for sure when the Fed will raise interest rates. Yet there is one indicator worth paying attention to, with a history of forecasting central banks’ moves. See for yourself. Learn How the Wave Principle Can Improve Your Trading Related Posts:RBNZ may start laying groundwork for a rate cut – Preview April […]
Technical summary: The correction in wave iv became more volatile than expected. We expect resistance at 1.4631 to protect the upside for a break below support at 1.4366, confirming the final leg lower towards 1.4048 and even lower to 1.3864. A break above 1.4631 turns the picture around and indicates that a firm bottom was […]
Technical summary: The rally of a low of 126.87 looks strong and indicates that wave C is expected to end early at 126.87 instead of the ideal target at 125.98. There is a possibility of a final decline to the level below 126.87 as long as minor resistance at 131.74 protects the upside. At this […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Can the Federal Reserve stop deflation? Well, despite unprecedented stimulus, key economic measures have turned south. Take a look at these charts. Learn How the Wave Principle Can Improve Your Trading Related Posts:AUD/USD: Will correction turn into steady upward trend? October 27, 2023 After the publication of PMI indices last Tuesday, macroeconomic data…Hidden Factors: […]
Technical summary: It should be clear by now that this cross never makes it easy. There was no follow-through towards the downside, but instead an impulsive minor rally in wave c of an expanded flat correction. This means, we still should see more downside in wave v once the correction is over near 1.4556. In […]
Technical summary: We are still looking for a final decline towards the ideal target at 125.98. In the short term a break below minor support at 128.36 and, more importantly, a break below support at 128.03 will confirm that the final impulsive decline is developing. A decline to 125.98 will finish the impulsive decline from […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/pop-trends-price-culture/default.aspx The Fed keeps looking at interest rates, which are at historic lows. But if money is so “cheap,” why is almost no one “buying”? Take a look at these two eye-opening charts as you listen to this engaging podcast. Learn How the Wave Principle Can Improve Your Trading Related Posts:Bitcoin not meant to replace […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx A triangle recently formed in the chart pattern of the U.S. Dollar Index. Since then, the index has reached a 12-year high. Get a perspective on “a wild 42 years.” Learn How the Wave Principle Can Improve Your Trading Related Posts:What to expect for the dollar next week? April 7, 2024 The dollar missed […]
Technical summary: We have seen the expected minor correction to 129.09. Now, we should see the next decline to 126.51 in blue wave v and red wave iii. This is the last part of the decline towards the ideal target at 125.98. It is likely to be choppy, as a series of wave three, four, […]
Technical summary: The correction in wave iv will likely be complex and take up more time. We are looking for a move closer to 1.4445 and maybe even slightly higher towards 1.4560 before the next downside pressure towards 1.4135 that is expected. In the short term, only a break below minor support at 1.4337 indicates […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The stock market rally just turned six years old. Prices remain near record highs. Yet two historical indicators suggest caution. Learn more. Learn How the Wave Principle Can Improve Your Trading Related Posts:World’s central banks continue to increase their gold… November 3, 2023 September has become another significant month for gold purchases by…Gold may […]
Technical summary: The decline in wave iii has been stronger than we first anticipated. We have adjusted our count slightly to the more bearish count, but our ideal downside target remains at 125.98. In the short term, we could see a correction towards 129.09 and maybe even slightly closer to 129.96 before the next downside […]
Technical summary: We have seen an unexpected break below support at 1.4554, which has changed the wave configuration to a much more bearish structure. This more bearish count calls for a continuation lower to 1.4236 as the next downside target to end just wave iii. If support at 1.4236 is broken, wave iii will extend […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Tensions are surfacing in the European Union over Greece’s bailout extension. The next downturn could reveal the economic rot of other EU nations. Tensions may morph into outright anger. The EU could shatter. Learn How the Wave Principle Can Improve Your Trading Related Posts:EUR/USD trading plan for European session on November 7,… November 7, […]
Technical summary: The correction of red wave ii became more complex than expected, but we are looking for a break above minor resistance at 1.4762 to confirm that red wave iii is developing higher towards 1.5254. As long as minor resistance at 1.4770 protects the upside, an even more complex correction of red wave ii […]
Technical summary: The decline towards the ideal target at 125.98 unfolded as expected. In a short term, more downside bias should be seen after a minor setback towards 130.47 and even slightly higher to 131.25 before the next movement to 127.32 takes place. With a new low below the wave (iii) low at 130.14 all […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx On the day when the Dow and S&P 500 both slipped in the red for the year, it’s worth talking about another market that has taken a beating: gold. Gold is also in the spotlight this week because of Apple’s latest products… Learn How the Wave Principle Can Improve Your Trading Related Posts:Why is […]
The rally to the level 1.4554 looks impulsive, but we still need a break above the resistance line at 1.4919 to confirm that a firm bottom is in place and a new impulsive rally in wave C is developing. Short term, we expect minor support at 1.4758 will protect the downside for the rally above […]
