Technical summary: We are still looking for a little more upside movement in wave (iv) towards 137.65 before this correction is over. It should take wave (v) lower to 125.98 to end wave C of the expanded flat wave [2]. It’s worth remembering, that after an expanded flat wave two an extended third wave should […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx In a healthy bull market, most sectors participate in the trend. When key sectors turn down even as the broad market rises, the uptrend is at risk. Investors would do well to pay attention to such a splinter. Learn How the Wave Principle Can Improve Your Trading Related Posts:Behind the scenes of Wall Street’s […]
Technical summary: We are still looking for one last decline closer to 1.5000 to end the correction from 1.5821, but we are also aware that all we are looking for is a correction before renewed upside pressure is expected. Only an unexpected break below support at 1.4888 will invalidate our bullish scenario. In the short […]
Technical summary: The picture is pretty much the same. We continue to look for the final zig-zag correction from 130.14, which ideally should continue higher towards 137.65 before wave (iv) is over, and a wave (v) lower towards 125.98 is expected. In the short term only a direct break below support at 133.92 will indicate […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Bond market bulls were caught off guard when the yield on 10-year Treasury notes reached their July 2012 record low. Now most bond traders are bullish again. Our indicators suggest that yields are at another milestone juncture. Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment – Gold slides, dollar regains […]
Technical summary: The correction in wave (ii) has now exceeded the 70.7% corrective target and that opens the possibility of a 100% correction of wave (i). The correction in wave (ii) is a double zig-zag combination. If the second zig-zag is a fractal of the first zig-zag, then we should look for a bottom near […]
Technical summary: The correction from 130.14 just became even more complex, as a triple zig-zag combination is unfolding. The upper target remains the same at 137.65. At this point, only a direct break below support at 133.64 and more importantly a break below 132.52 will tell us, that the correction in wave (iv) ended early […]
Technical summary: With the break below support at 1.5198 wave (ii) has extended to the 70.7% corrective target, which, we expect, will protect the downside for a break above the minor resistance at 1.5234 and, more importantly, above the resistance at 1.5300 that confirms a new rally higher in wave (iii). We anticipate that the […]
Technical summary: Nothing changed since last week. We are still looking for a final rally to 137.65 in wave (iv) to end the correction from 130.14 and set the stage for the final decline in wave (v) to the ideal target at 125.98 to end the expanded flat correction. The short-term support at 134.68 will […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Financial sins of the ultra-wealthy tend to be overlooked during a market uptrend. A shift in the public’s psychology from positive to negative brings intense scrutiny of financial missteps. The penalties can be harsh. Learn How the Wave Principle Can Improve Your Trading Related Posts:AUD/USD: Will correction turn into steady upward trend? October 27, […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx There’s been a shift in people’s psychology, the main driver of trends in the economy and stock market. Watch. Learn How the Wave Principle Can Improve Your Trading Related Posts:Bitcoin not meant to replace money October 16, 2023 Flagship cryptocurrency Bitcoin began a new bearish sequence, aiming to…
Technical summary: We still think the best count is that wave (ii) ends at 1.5198. However, to put this preferable scenario into practise, we need support at 1.5212 staying untouched for a break above minor resistance at 1.5359 and more importantly a break above resistance at 1.5393 for the next rally higher towards 1.6668. Only […]
Technical summary: We have seen the expected consolidation and a break above 135.95. More importantly, a break above 136.35 will indicate that the final rally higher towards 137.65 is developing to end wave (iv) and set the stage for wave (v) lower to the ideal target of 125.98. At this point, only an unexpected direct […]
Technical summary: We have seen a peak above minor resistance at 1.5415, but not yet a close above this minor resistance. So, we can not yet argue that wave (ii) ended at 1.5198. A close above 1,5415 on the 4-hour chart and more important a break above resistance at 1.5489 will confirm that wave (ii) […]
Technical summary: As expected, after the break above 135.36, the correction from 130.14 has extended higher towards 137.65 as the ideal corrective target. In the short term, we are looking for a minor consolidation before the final rally higher towards the ideal corrective target to end wave (iv) and set the stage for the final […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ttw.aspx Today, we spoke to Steve Craig, the editor of Elliott Wave International’s Energy Pro Service, to get his take on crude oil. Steve, last time we talked was about a month ago when crude prices looked like this… Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis of Daily Price Movement […]
Technical summary: With the break above 135.36, we know that the correction from 130.14 has turned into a double zig-zag combination calling for a move higher towards 137.65 where wave y will be equal in length to wave w. In the short term, we will be looking for support in the 134.66 – 134.85 area […]
Technical summary: We are still looking for wave (ii) to bottom in the 1.5166 – 1.5244 area, so wave (iii) higher can take over. Once wave (iii) higher is confirmed, we should be looking for a rally towards at least 1.6668, where wave (iii) will be 161.8% the length of wave (i). In the short […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Even after a six-year uptrend, investor optimism has remained historically elevated. Do the stock market’s valuation measures point to an approaching top? Learn How the Wave Principle Can Improve Your Trading Related Posts:Behind the scenes of Wall Street’s rise: the impact of… April 8, 2024 At the end of the trading week, American stock […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Global financial stability is on shaky ground. A new McKinsey survey of 47 countries finds that debt levels are higher now than in 2007. Business debt has also reached a precarious extreme. Learn How the Wave Principle Can Improve Your Trading Related Posts:Gold rallies above $2000 per ounce: result of Middle East… November 1, […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Elliott Wave International’s European analyst, Brian Whitmer, recently returned from lecturing in Zurich. Here, he explains the immediate and longer-term implications of the Swiss National Bank’s decision to unpeg its currency from the euro. Watch. Learn How the Wave Principle Can Improve Your Trading Related Posts:EUR/USD. April 15th. Bulls panic and retreat from the […]
Technical summary: Our call for a correction in wave (ii) towards 1.5354 has been right in the “bulls eye”. With a low at 1.5341 it doesn’t get much better than that. We are now looking for a break above minor resistance at 1.5538 as the first indication that wave (ii) is over and wave (iii) […]
Technical summary: Did wave (iv) end at 135.36 and is a new impulsive decline towards 125.98 developing? As long as 135.36 protects the upside, we will give the benefit of the doubt to bears, but a break above 135.36 with just one pip indicates that a more complex correction is unfolding. In the short term, […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Washington and Wall Street alike have celebrated the 5.6% U.S. jobless rate. But the CEO of a major polling organization says the official unemployment figure is a “big lie.” U.S. workers face the emerging force of deflation. Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment – Stocks climb after sizzling […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx In uncertain markets, technical analysis is often your ticket to clarity. Watch. Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – US 500 index slides beneath rising… April 8, 2024 US 500 creates some downside recovery Oscillators indicate bearish correction…Davao Traders Learn Moving Average Ribbons October 30, 2023 XM’s free […]
Technical summary: We have changed our count for wave (i). Instead of the peak at 1.5290 being wave (i), we think the moving wave (i) to the peak at 1.5821 as being a better fit. That means we should now be looking for wave (ii) and a move lower to the 50% corrective target at […]
Technical summary: With a break above important short-term resistance at 134.18, we were right letting bulls have the benefit of the doubt. We are still looking for a move closer to 136.33. However, in the short term, we should see a minor decline to 134.31 before the final rally higher to 136.33 to end wave […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx In November, almost everyone turned thumbs down on gold. Yet the Wave Principle showed that the yellow metal was at a bullish juncture. In January, gold had its biggest monthly price gain in three years. Gold’s long-term trend may present another picture. Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx A new survey reveals that more Americans use secret locations to hide cash savings. This financial defense is part of a developing deflationary psychology. As the circulation of money slows, prices fall. Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – Is the US 500 cash index at the start… […]
Technical summary: We knew that we were getting close to a long-term low and expected to see one final low just below 1.4787, but this new low was never seen, as wave (v) of [C] ended as a fifth wave failed at 1.4888. We are now looking for a new impulsive rally towards 1.6446 as […]
