Today’s support and resistance levels: R3: 1.5501 S2: 1.5489 S1: 1.5455 Current spot: 1.5444 S1: 1.5411 S2: 1.5384 S3: 1.5345 Technical summary: We are still looking for evidence that a bottom has been reached. In early trading today, we saw a slightly different low at 1.5398. We still need a break above 1.5501 to give […]
Today’s support and resistance levels: R3: 138.76 R2: 138.49 R1: 138.32 Current spot: 137.93 S1: 137.82 S2: 137.67 S3: 137.50 Technical summary: The correction has been a little stronger than we initially expected. Therefore, we should see the correction from 137.50 move a little higher to 138.32 to kiss the broken former support-line, which now […]
When I was a kid, my range of visual entertainment was more limited than what young people enjoy today. If you’ve been around long enough, then you’re sure to know these images…Enjoy this video from Elliott Wave International. Learn more at http://www.elliottwave.com. Learn How the Wave Principle Can Improve Your Trading
Today’s support and resistance levels: R3: 1.5501 R2: 1.5489 R3: 1.5448 Current spot: 1.5422 S1: 1.5411 S2: 1.5384 S3: 1.5345 Technical summary: Our 1.5416 downside target has been exceeded slightly as the low has been 1.5411. We think that the bottom has been found or will be found shortly for a break above minor resistance […]
Today’s support and resistance levels: R3: 138.28 R2: 138.10 R1: 137.98 Current spot: 137.79 S1: 137.67 S2: 137.50 S3: 137.38 Technical summary: Once support at 138.41 gave away, we saw the expected decline to 137.70 (the low came in at 137.50). Now, we should see resistance at 138.10 protecting upside for the next downside pressure […]
The amount of leverage in the stock market recently reached a historical extreme. What’s more, there is now a noteworthy divergence between the S&P 500 index and the use of margin debt. A similar divergence happened near the peak of the 2007 stock market. Enjoy this video from Elliott Wave International. Learn more at http://www.elliottwave.com. […]
Silver soared 13% by the end of June. On June 12, our Metals Pro Service posted a late-night intraday forecast that called for silver’s rally to “test the 20.00 or higher.” Now, it’s DECISION time! Enjoy this video from Elliott Wave International. Learn more at http://www.elliottwave.com. Learn How the Wave Principle Can Improve Your Trading […]
Today’s support and resistance levels: R3: 1.5501 R2: 1.5489 R1: 1.5480 Current spot: 1.5478 S1: 1.5453 S2: 1.5436 S3: 1.5416 Technical summary: This cross has been very hard to read since the top at 1.7274, but we still think that a bottom should be pretty close. As long as minor resistance at 1.5501 protects the […]
Today’s support and resistance levels: R3: 138.86 R2: 138.67 R1: 138.58 Current spot: 138.51 S1: 138.41 S2: 138.30 S1: 138.11 Technical summary: We have seen the expected correction toward the ideal target at 138.86 (the high has been 138.72). As long as support at 138.41 protects the downside, we could still see one final rally […]
One chief market analyst claims that Federal Reserve policy will send gold higher. Plus, the world’s largest gold ETF has recently seen increased inflows. But our chart shows how positive news stories can quickly be stood on their head by market price action. Enjoy this video from Elliott Wave International. Learn more at http://www.elliottwave.com. Learn […]
Mainstream economic wisdom says when investors are stressed out, stocks feel the pressue and fall; conversely, when investors are calm and confident, stock prices rally. It makes perfect sense. But here’s also why this is absolutely NOT true. Enjoy this video from Elliott Wave International. Learn more at http://www.elliottwave.com. Learn How the Wave Principle Can […]
Today’s support and resistance levels: R3: 1.5528 R2: 1.5494 R1: 1.5475 Current spot: 1.5462 S1: 1.5437 S2: 1.5389 S3: 1.5350 Technical summary: The unexpected break below 1.5478 has once again revived the downtrend from 1.7274. As we have broken almost all possible support points, now it seems fit to expect a full 100% retracement of […]
Today’s support and resistance levels: R3: 138.83 R2: 138.70 R1: 138.56 Current Spot: 138.43 S1: 138.32 S2: 138.25 S1: 138.11 Technical summary: Red wave i extended to 138.11 before finally coming to an end. We see a correction in red wave ii. This correction will ideally be capped at 138.83 for the next decline in […]
Enjoy this unique market insight from a 55-minute, in-depth presentation EWI’s Chief Market Analyst Steve Hochberg delivered at the Las Vegas MoneyShow in May. Enjoy this video from Elliott Wave International. Learn more at http://www.elliottwave.com. Learn How the Wave Principle Can Improve Your Trading Related Posts:Energy in Focus: What news awaits investors on Wall Street […]
Today’s Support and Resistance Levels: R3: 1.5610 R2: 1.5567 R1: 1.5528 Current Spot: 1.5497 S1: 1.5478 S2: 1.5448 S3: 1.5403 Technical Summary: The failure to break above minor resistance at 1.5610 is disappointing, but it will still take a break below support at 1.5478 to invalidate our bullish count. Even if our bullish count should […]
Today’s Support and Resistance Levels: R3: 138.83 R2: 138.63 R1: 138.53 Current Spot: 138.48 S1: 138.37 S2: 138.10 S3: 137.70 Technical Summary: The decline from 139.28 is clearly impulsive. Now, we should see resistance at 138.83 protecting the upside for the next decline lower to 137.70 and 136.22 as the next targets. In the longer […]
Market bulls are raving about the better-than-expected jobless figure. They see market prices headed higher — much higher. Learn why they have “cause and effect” backwards. Enjoy this video from Elliott Wave International. Learn more at http://www.elliottwave.com. Learn How the Wave Principle Can Improve Your Trading Related Posts:Financial future on the horizon: US stocks rise […]
We have for many years observed a relationship between extremism and bear markets in the stock markets of Muslim nations. For example, this chart shows the deadliest Islamic terrorist attacks graphed against the MSCI Emerging Markets Index since the start of the index on December 31, 1987. Notice that many the attacks occurred near lows […]
Today’s Support and Resistance levels: R3: 1.5650 R2: 1.5615 R1: 1.5594 Current spot: 1.5559 S1: 1.5545 S2: 1.5505 S3: 1.5478 Technical summary: All odds favor wave 2 being in place at 1.5505 and we should now be looking for a break above minor resistance at 1.5610 as the first strong indication that this is the […]
Today’s Support and Resistance levels: R3: 139.00 R2: 138.92 R1: 138.83 Current spot: 138.64 S1: 138.54 S2: 138.37 S3: 138.10 Technical summary: The decline from 139.28 is impulsive that indicates that more downside should be seen. That means we would still like to see a break below minor support at 138.54 as an extra indication […]
If you’ve ever tried your hand at futures trading, and if you’ve been watching the 2014 World Cup, you’ve probably thought to yourself — Yup. This looks like how it feels to invest in commodities. Hey, if the cleat fits! The world of commodities trading is competitive and cutthroat. The action is nonstop. Passes happen […]
You need to see with your own eyes where stocks are in their historic trend — before you can really make sense of the new high in the Dow and new lows in volatility. Enjoy this video from Elliott Wave International. Learn more at http://www.elliottwave.com. Learn How the Wave Principle Can Improve Your Trading Related […]
China’s economic fundamentals are brutally negative — the mirror opposite of 2009, when China bulls reigned supreme. But what happened to China’s stock market then may cause you to think twice now…Enjoy this video from Elliott Wave International. Learn more at http://www.elliottwave.com. Learn How the Wave Principle Can Improve Your Trading Related Posts:China’s Q1 GDP […]
History shows that business expansions and real estate building booms usually happen near major financial peaks. So consider the ambitious global plans now underway. Enjoy this video from Elliott Wave International. Learn more at http://www.elliottwave.com. Learn How the Wave Principle Can Improve Your Trading Related Posts:Financial future on the horizon: US stocks rise ahead of… […]
In the “Featured Market” video of Elliott Wave International’s May 2014 Monthly Commodity Junctures, Editor Jeffrey Kennedy provided subscribers with this near-term forecast in cocoa. Prices had been sideways-bound since the start of the year. And, the mainstream “commentators” told investors to keep holding until there was a break in the fundamental backdrop. Learn more […]
Today’s Support and Resistance levels: R3: 1.5650 R2: 1.5628 R1: 1.5615 Current spot: 1.5615 S1: 1.5567 S2: 1.5546 S3: 1.5516 Technical summary: Since the August 2013 high at 1.7274, a major X-wave has been unfolding. This X-wave could have terminated with the test of 1.5478, just above the 78.6% corrective target of the rally from […]
Today’s Support and Resistance levels: R3: 139.18 R2: 139.13 R1: 138.85 Current spot: 138.84 S1: 138.61 S2: 138.48 S3: 138.18 Technical summary: The wave ii correction is most likely to have ended at 139.13 (just below our target at 139.18). We are currently looking for a break below minor support at 138.48 as the first […]
“Gold Posts Longest Rally Since 2011, Defying Goldman View,” said a Bloomberg headline on June 30. The story went on to say that, “Prices climbed 10% this year, outpacing gains for indexes of commodities, equities and Treasuries.” Enjoy this video from Elliott Wave International. Learn more at http://www.elliottwave.com. Learn How the Wave Principle Can Improve […]
Today’s Support and Resistance levels: R3: 1.5732 R2: 1.5700 R1: 1.5646 Current spot: 1.5630 S1: 1.5589 S2: 1.5540 S3: 1.5478 Technical summary: We are still looking for hard evidence that a firm bottom is in place at 1.5478. The first strong evidence will be a short-term break above 1.5646 and more importantly a break above […]
Today’s Support and Resistance levels: R3: 139.81 R2: 139.37 R1: 139.18 Current spot: 138.88 S1: 138.73 S2: 138.41 S3: 138.06 Technical summary: The failure to accelerate lower yesterday is of course dissapointing and calls for a prolonged correction towards the 61.8% corrective target at 139.18 before wave ii finally is in place. From 139.18 or […]
