Technical summary: We are still locked inside the red wave iv triangle, but it should just be a matter of time, before we will see a break out of the triangle towards the downside for a move closer to 143.81. In the short term, we expect resistance at 146.74 to protect the upside for the […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx On December 18, the Dow had its best day of the year. Analysts said stocks rose due to the Fed’s promise to “be patient” about raising U.S. interest rates. And the burst of optimism surrounding the rally in the Dow made it hard to notice important news about interest rates from Europe. Watch. Learn […]
Technical summary: This sideways correction/consolidation jas just become even more complex than it already where. The failure to hold the break above the resistance line was really disappointing, but the leading expanding diagonal could still be developing as long as support at 1.5705 and more importantly as long as support at 1.5643 protects the downside. […]
Technical summary: The expanded flat correction, we have been tracking is still unfolding nicely. We expect resistance at 146.76 will protect the upside for a break below support at 145.59 confirming a decline to 143.81 and maybe even lower to 142.05. Only an unexpected break above 146.76 will cause concern and a break above 147.03 […]
Today, there is no shortage of opinions about oil. So why should you bother reading this one? Because 99% of oil forecasts out there are based on so-called fundamentals. The same “fundamentals” that back in June, when oil cost $107 a barrel, promised even higher prices due to: The rising threat of Islamic State in […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Big banks are not fortresses of financial safety. The 2007-2009 crisis proved how vulnerable they are. Now, six years later, U.S. regulators are still taking steps to make them safer. We suggest an alternative. Learn How the Wave Principle Can Improve Your Trading Related Posts:Financial future on the horizon: US stocks rise ahead of… […]
Technical Summary: The break back below the resistance-line is confusing. It tells us, that the correction in blue wave ii has become more complex, than initially expected. The correction in blue wave ii has turned into an expanded flat correction. It also tells us, that blue wave iii will be a strong and extended wave […]
Technical Summary: There is nothing new to add here. The expanded flat correction is still unfolding and we are still looking for a move lower in wave c towards 143.81 and maybe even lower to 142.05, where we find wave iv of a smaller degree. In the short run, we will be looking for resistance […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx We asked the editor of our Asian-Pacific Financial Forecast an important question: “The collapse of the Russian ruble and stock market has made many investors afraid of contagion. What’s your take on the situation?” Learn How the Wave Principle Can Improve Your Trading Related Posts:Will Netflix earnings take the share price closer to its… […]
Technical summary: It finally looks as, we will get the close above the resistance line opening up the upside for a strong rally towards 1.6273 and 1.6446 on the way higher to 1.7125. In the short run, we would like to see the former resistance line near 1.6100 acting as support for the next rally […]
Technical summary: The decline from 149.78 is in no way as pretty as we would have liked, but we see no reason to change our view of a continuation lower to 144.77 and likely even 143.39 before a bottom could be in place. In the short term, we would like minor resistance at 147.03 to […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Diversification is supposed to cushion your portfolio during periods of volatility. If one or more assets decline in value, one or more others will rise — or so the reasoning goes. Learn why this can be a dangerous financial notion during the next economic trend. Learn How the Wave Principle Can Improve Your Trading […]
Technical summary: We are back at the resistance line near 1.6105. We would like to see a close above this resistance line to confirm a move higher to 1.6206 and higher to 1.6446. In the short term, we would like to see minor support at 1.6031 protecting the downside, but only a break below support […]
Technical summary: The correction in red wave ii ended early at 148.23 and never got close to the possible 148.50 – 148.88 area. Red wave iii is now unfolding towards at least 145.23 and likely even lower to 143.39 before red wave iv will be ready to take over. That said, we still have to […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx “The Christmas rally arrives early on Wall Street,” said a MarketWatch article on November 12. At the time, the Dow was hitting all-time highs, and it was hard to see how this trend would not continue into the end of the year. And yet, from the high on December 5, the Dow is now […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/wave/98420/default.aspx Few people see deflation as a threat. But deflation is grabbing global headlines. Learn what you need to know now about this potentially devastating trend. Learn How the Wave Principle Can Improve Your Trading Related Posts:UK inflation report could shift the market’s focus away from… April 15, 2024 BoE’s determination could be tested if […]
Technical summary: We are still looking for support at 1.5789 to protect the downside for a break above minor resistance at 1.5981 confirming that wave ii is over and wave iii higher to 1.6526, where wave iii will be 161.8% of wave i. Even though it’s hard to believe, then the trend is still up […]
Technical summary: The correction from 149.13 is behaving as expected. We are still looking for a wave c lower to the first target at 144.78. Wave c could extend and cause a deeper decline towards the 38.2% corrective target or even the 50% corrective target. When wave (ii) becomes an expanded flat like we see […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Oil traders were strongly bullish earlier in 2014 when oil was trading around $100 a barrel. But that was the time to be bearish. See how we kept subscribers ahead of oil’s big price turn. Learn How the Wave Principle Can Improve Your Trading Related Posts:EUR/USD. April 15th. Bulls panic and retreat from the […]
Technical summary: The correction from 149.13 continues to unfold as expected. Wave c of the expanded flat should continue lower to 144.79 as the first target. That said, wave c is allowed to extend and therefore, we could see a move lower to 143.40 and maybe even 141.64 where this correction would have corrected 50% […]
Technical summary: Support at 1.6028 held perfect for the next attack on the resistance line. As expected, it broke for a rally higher towards 1.6273, but suddenly near 1.6200 prices ran into a brick wall and took an awful dive. Should we be afraid? When prices collapse like this, we should always be careful, but […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/apffs/default.aspx The Shanghai Composite is up almost 40% this year. Yet many analysts struggle to explain how Chinese stocks can be soaring when China’s economy has been weakening. Watch to get our take on it. Learn How the Wave Principle Can Improve Your Trading Related Posts:Financial future on the horizon: US stocks rise ahead of… […]
Technical summary: The resistance line from 1.6446 has blocked the rally higher, but it should just be a matter of time, before this resistance line is broken for a further move higher towards 1.6273. In the short term, we will be looking for support near 1.6028 for the next attempt to break above the resistance […]
Technical summary: The break below the minor support-line from 145.58 confirms that wave c lower to 144.79 is unfolding. In the short term, we expect minor resistance at 148.37 to protect the upside for a break below 146.80 confirming the next wave lower to the 144.79 target. If however, the minor resistance at 148.37 is […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The price of crude oil sits near a five-year low. Yes, motorists are paying less for gasoline than they have in four years. Yet oil’s dramatic price decline suggests a rare economic trend. Now is the time to prepare. Learn How the Wave Principle Can Improve Your Trading Related Posts:Indicator analysis: Daily review of […]
Technical summary: We finally have the upside acceleration we have been looking for. The next upside target is found at 1.6279, but in the longer term, we should see a continuation higher towards 1.6446 and with the ideal target for wave c at 1.7124. Support is now found at 1.6079 and more importantly at 1.6019, […]
Technical summary: The b wave of the expanded flat correction ended early at 149.78 and wave c lower is now developing for a decline towards at least 144.79 and possibly even lower to 142.05 if wave c extends. In the short term, we should see minor resistance at 148.18 and more importantly see resistance at […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Germany’s DAX stock index has just hit a new all-time high. Most European markets seem determined to end 2014 on a positive note. Do they have what it takes to keep rising? Watch. 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: We have finally seen a break above 1.6000, which confirms that wave c higher is developing. Wave c is expected to be a very powerful impulsive rally higher to 1.6273 and 1.6446 on the way towards 1.6800 and possibly even higher to 1.7124. We have recognized this as being a rare expanded diagonal, […]
Technical summary: The break above 149.13 tells us, that the ongoing correction only can be an expanded flat correction. We have seen wave a from 149.13 down to 145.58 and is currently in wave b, which should make it to the 150.10 – 150.48 area before wave c lower takes over. That wave (ii) becomes […]
