Today’s support and resistance levels: R3: 137.66 R2: 137.43 R1: 137.30 Current spot: 137.27 S1: 137.14 S2: 137.00 S3: 136.81 Technical summary: We have seen a rejection from resistance at 138.01, but we are not quite safe yet, as we need a break below support at 136.81 to confirm that the final decline towards 134.34 […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The view that “the Federal Reserve Bank are heroes who saved the economy” is very common today. But you may be surprised to know that HOW the investment public views the Fed depends on what the stock market is doing. Watch Learn How the Wave Principle Can Improve Your Trading Related Posts:EUR/USD: trading plan […]
Today’s support and resistance levels: R3: 1.5826 R2: 1.5809 R1: 1.5793 Current spot: 1.5784 S1: 1.5770 S2: 1.5746 S3: 1.5716 Technical summary: Wave c of 2 seems to be unfolding according to our expectations. We are currently looking for resistance at 1.5793, which ideally will protect the upside for a break below minor support at […]
Today’s support and resistance levels: R3: 138.76 R2: 138.45 R1: 138.01 Current spot: 137.84 S1: 137.78 S2: 137.58 S3: 137.37 Technical summary: Well, nothing has really changed here. We are still left with two possible scenarios. One is calling for a final decline to 134.34, if resistance near 138.01 protects the upside. The other scenario […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Student loan debt has risen more than five-fold since 2003. This Mt. Everest of debt is promoted and backed by the government — just like sub-prime mortgages prior to the 2007-2009 financial crisis. Will the student loan bubble be the next economic disaster? Learn How the Wave Principle Can Improve Your Trading Related Posts:Hidden […]
Today’s support and resistance levels: R3: 1.5889 R2: 1.5867 R1: 1.5850 Current spot: 1.5826 S1: 1.5811 S2: 1.5793 S3: 1.5777 Technical summary: We are still looking for signs, that wave b of 2 is over and wave c lower towards 1.5716 has taken over to end wave 2. In the short term, we need a […]
Today’s support and resistance levels: R3: 138.45 R2: 138.01 R1: 137.77 Current spot: 137.69 S1: 137.58 S2: 137.45 S3: 137.37 Technical summary: The break above 137.70 has left us with two opposite sceanrios. The first scenario is, that an expanded ending diagonal is unfolding (we have overlapping wave four and wave one. The only pattern […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Paul Krugman, the New York Times columnist and Nobel Laureate in Economics, wrote a thoughtful article in September 2009 titled, “How Did Economists Get It So Wrong?” Here is why it’s relevant today… Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment – Dollar pulls back; ECB sends clearer cut… April […]
In 1848, shouts of “gold!” near Sutter’s Mill in California prompted tens of thousands of fortune seekers to journey westward. Alas, most of the miners walked away virtually empty-handed. Shouts of “gold!” were heard again in 2011 as gold made an all-time high. Now, in 2014, hopes are again high for the yellow metal. Learn […]
Municipal bonds offer tax-free income and are perceived as relatively safe. But the financial health of state and local governments has never been more precarious. Even “guaranteed” muni bonds may be at risk during the next financial crisis. Learn How the Wave Principle Can Improve Your Trading Related Posts:What to choose: gold or bonds? October […]
EWI’s Asian-Pacific Financial Forecast editor, Mark Galasiewski, joins John Dawson on Bloomberg Asia’s First Up to discuss breakout buy opportunities he’s seeing across Asia. tags: elliott wave international, elliott wave analysis, elliott wave principle, asian markets, hong kong stocks, chinese stocks, taiwan stocks Learn How the Wave Principle Can Improve Your Trading Related Posts:Weekly forecast […]
Today’s support and resistance leves: R3: 1.5852 R2: 1.5811 R1: 1.5793 Current spot: 1.5814 S1: 1.5758 S2: 1.5743 S3: 1.5725 Technical summary: The rally of the 1.5714 low is clearly corrective and indicates that we will see one more decline to 1.5699 to end wave a of 2. Once support at 1.5699 has been tested, […]
Today’s support and resistance levels: R3: 137.42 R2: 137.36 R1: 137.28 Current spot: 137.14 S1: 136.95 S2: 136.75 S3: 136.60 Technical summary: Wave iv spiked higher than the expected 137.34 (the high came in at 137.61), but most importantly resistance at 137.70 held firm. Now, we should see the final decline towards the ideal target […]
Today’s support and resistance levels: R3: 137.42 R2: 137.36 R1: 137.28 Current spot: 137.14 S1: 136.95 S2: 136.75 S3: 136.60 Technical summary: Wave iv spiked higher that the expected 137.34 (the high came in at 137.61), but most importantly resistance at 137.70 held firm. Now, we should see the final decline towards the ideal target […]
On Friday (Aug. 15) Ukraine said its forces had destroyed part of a Russian military convoy. The news sent stocks lower, said the headlines — but was it really the news that did it? Learn How the Wave Principle Can Improve Your Trading Related Posts:Financial future on the horizon: US stocks rise ahead of… April […]
Today’s support and resistance levels: R3: 1.5808 R2: 1.5793 R1: 1.5778 Current spot: 1.5759 S1: 1.5749 S2: 1.5740 S3: 1.5726 Technical summary: We have been looking for a correction towards support near 1.5707. Till now, we have seen a low at 1.5716, but we still think that a little more downside is needed before wave […]
Today’s support and resistance levels: R3: 137.52 R2: 137.34 R3: 137.25 Current spot: 137.10 S1: 137.00 S2: 136.85 S3: 136.75 Technical summary: We were looking for the top at 137.18. We did see a break below 136.85 indicating that the top could be in place, but this cross played us. A new high has been […]
The following article was written by Elliott Wave International’s Senior Instructor Jeffrey Kennedy to show what you can expect from a market at the completion of various Elliott wave patterns. Jeffrey, a Chartered Market Technician and highly sought-after speaker and teacher, will host a free Trader Education Week, August 20-27. Learn more now. Some people […]
You may remember that during the 2008-2009 financial crisis, many called into question traditional economic models. Why did the traditional financial models fail? And more importantly, will they warn us of a new approaching doomsday, should there be one? That’s a crucial question to your financial well-being. This series gives you a well-researched answer. Here […]
http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx From Tulip Mania in the 1600s to the market top in 2007, extremes in the pursuit of luxury have accompanied every financial peak. Learn what’s happening in 2014. Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – Gold unlocks fresh all-time high again April 8, 2024 Gold reaches 2,353.90 above […]
Today’s support and resistance levels: R3: 1.5814 R2: 1.5796 R1: 1.5778 Current spot: 1.5768 S1: 1.5758 S2. 1.5742 S3: 1.5730 Technical summary: Wave 2 is unfolding as expected. We are looking for a decline to 1.5707 as the first target. At 1.5707, we will not find the 38.2% corrective target of the rally from 1.5398 […]
Today’s support and resistance levels: R3: 137.52 R2: 137.34 R1: 137.18 Current spot: 137.13 S1: 136.85 S2: 136.75 S3: 136.60 Technical summary: Wave iv ended just 4 small pips above our ideal target of 137.14 (the high came in at 137.18). Now, we are looking for a break below support at 136.85 to confirm that […]
Watch a Senior Researcher at the Socionomics Institute answer questions about the possible connection between the ongoing Ebola outbreak and the trend in social mood in West Africa. Learn How the Wave Principle Can Improve Your Trading Related Posts:Video market update for April 11, 2024 April 11, 2024 Potential for the further rally on USD/JPYThe […]
Today’s support and resistance levels: R3: 1.5898 R2: 1.5866 R1: 1.5854 Current spot: 1.5835 S1: 1.5827 S2: 1.5814 S3: 1.5806 Technical summary: Wave 1 ended early at 1.5898, just below our expected target of 1.5920. Wave 2 is now unfolding for a correction towards at least 1.5707 and possibly even lower towards the 1.5648 support. […]
Today’s support and resistance levels: R3: 137.06 R2: 136.88 R1: 136.79 Current spot: 136.72 S1: 136.61 S2: 136.55 S3: 136.36 Technical summary: The b wave reaction is the level where we see deviation from its ideal target near 136.24 and ending at 136.36 (just six small pips from our buy target). However, as long as […]
http://www.elliottwave.com/products/ffs/Financial-Forecast-Service-Two-Week-Free-Trial-l.aspx Believe it or not, interest rates have no reliable effect on the stock market — just look at these charts. Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment – Dollar and equities trade higher in… April 10, 2024 US Dollar and stocks are in the green today ahead…Technical Analysis – […]
Today’s support and resistance levels: R3: 1.5965 R2: 1.5920 R1: 1.5890 Current spot: 1.5889 S1: 1.5876 S2: 1.5866 S3: 1.5857 Technical summary: Now, we have a nice five wave rally of the 1.5398 low. The triangle we described yesterday has unfolded perfectly and should provide a rally to 1.5920 and maybe 1.5964. Once this final […]
Today’s support and resistance levels: R3: 137.06 R2: 136.88 S1: 136.75 Current spot: 136.70 S1: 1.3663 S2: 136.50 S3: 136.24 Technical summary: We are still looking for the correction in wave iv to unfold closer to resistance at 138.00. However in the short term, we do see the possibility for a minor reaction lower to […]
The global market value of junk bonds has doubled in the past five years. In June, yields hit a record low. “Change, however, is in the air,” says the August Elliott Wave Financial Forecast. See the evidence for yourself. Learn How the Wave Principle Can Improve Your Trading Related Posts:Video market update for April 11, […]
The following article is adapted from the August 2014 Elliott Wave Financial Forecast, published Aug. 1. For the latest from the Financial Forecast Service, click here. The Dow Jones Industrial Average is in the terminal stages of its advance from March 2009. Its rise to a July 16 closing high of 17,138.20 met the long-term […]
