Former U.S. Treasury secretary Timothy Geithner has a new book out. As I was watching his interview on CNBC Monday morning, I was struck by something Mr. Geithner said when asked where the market was going…much longer will this rally last? Get answers today, 100% free — start your free 2-week trial now » http://bit.ly/1ndsQqT […]
Today’s support and resistance levels: R3: 1.6179 R2: 1.6059 R1: 1.5990 Current spot: 1.5928 S1: 1.5920 S2: 1.5860 S3: 1.5820 Technical summary:We are locked in a range, which is best described as “no man’s land”. As the underlying downtrend still has not been reversed, we will keep looking for a clues of a continuation lower […]
Today’s support and resistance levels: R3: 141.57 R2: 141.10 R1: 140.95 Current spot: 140.73 S1: 140.50 S2: 140.13 S3: 139.84 Technical summary:Since the 139.84 low a simple zig-zag correction has unfolded. This correction should soon end for renewed downside pressure towards 139.84 and lower towards 137.01. Short-term break below minor support at 140.13 would confirm […]
Today’s Support and Resistance Levels: R3: 1.6178 R2: 1.6058 R1: 1.6028 Current Spot: 1.5999 S1: 1.5980 S2: 1.5960 S3: 1.5935 Technical Summary: Yesterday, we saw something like a roller coaster ride. Important short-term resistance at 1.6112 was broken. That could indicate that we saw a fifth wave failure at 1.5869. The fifth wave failures are […]
Today’s Support and Resistance Levels: R3: 140.96 R2: 141.22 R3: 141.66 Current Spot: 140.60 S1: 140.50 S2: 140.23 S3: 140.08 Technical Summary: We finally saw the break below important support at 140.99 (should now act as resistance), but it was not without struggle first. The price spiked to 142.36 as ECB was seen leaving the […]
Five years after sovereign Debtzilla wreaked holy havoc on Europe’s financial sector, is it finally safe to reinvest? Are — as so many mainstream pundits would have you believe — Euro banks the ultimate recovery play? Find out with your free trial: http://bit.ly/1ndsQqT Enjoy this video from Elliott Wave International Learn How the Wave Principle […]
Today’s Support and Resistance levels: R3: 1.6277 R2: 1.6202 (critical level) R1: 1.6112 Current spot: 1.6093 S1: 1.6027 S2: 1.5988 S3: 1.5869 Technical summary: As long as short term important resistance at 1.6112 protects the upside we will be looking for a break below short-term support at 1.6027 as indication that the final decline towards […]
Today’s Support and Resistance levels: R3: 142.47 R2: 142.09 (critical level) R1: 141.74 Current spot: 141.71 S1: 140.99 S2: 140.23 S3: 139.15 Technical summary: The continued range trading is frustrating, but it does not change our view of more downside pressure as long as the critical level at 142.09 protects the upside. However, to get […]
Many investors assume that any market correction will be short lived. The crowd was similarly complacent early in the 2007-2009 severe market decline. See a chart that tells a story that you need to know now. Start your free trial: http://bit.ly/1ndsQqT Enjoy this video from Elliott Wave International Learn How the Wave Principle Can Improve […]
Today’s Support and Resistance levels: R3: 1.6202 (Critical level) R2: 1.6108 R1: 1.6075 Current spot: 1.6047 S1: 1.5988 S2: 1.5869 S3: 1.5766 Technical summary: We are in the final wave lower towards the ideal target near 1.5653. We have seen a sharp rally from the 1.5869 low, but this did not break above minor resistance […]
Today’s Support and Resistance levels: R3: 142.09 (critical level) R2: 141.74 R1: 141.45 Current spot: 141.31 S1: 140.99 S2: 140.23 S3: 139.15 Technical summary: The downside pressure is surely mounting here, but we still need that vital break below vital support at 140.99 to release this downside pressure for real. A break below 140.99 should […]
Today’s Support and Resistance levels: R3: 1.6018 R2: 1.5992 R1: 1.5975 Current spot: 1.5959 S1: 1.5920 S2: 1.5837 S3: 1.5766 Technical summary: With the break below support at 1.5975, the battle between the bulls and the bears was decided and the bears won. We should now see support at 1.5975 to protect the upside for […]
Today’s Support and Resistance levels: R3: 142.47 R2: 142.38 R1: 142.00 Current spot: 141.96 S1: 141.65 S2: 141.12 S3: 140.63 Technical summary: We do expect imidiately downside pressure to emerge for a break below 141.65 and more importantly a break below 141.12 to confirm a continuation lower towards 140.08 as the next downside target. A […]
Today’s Support and Resistance levels: R3: 1.6128 R2: 1.6095 R1: 1.6048 Current spot: 1.6021 S1: 1.5974 S2: 1.5956 S3: 1.5914 Technical summary: It is “Make it or break it” time. A break below support at 1.5974 indicates that we will see one last decline towards the long-term target at 1.5566. If however, support at 1.5974 […]
Today’s Support and Resistance levels: R3: 142.38 R2: 141.99 R1: 141.65 Current spot: 141.42 S1: 141.12 S2: 140.63 S3: 140.08 Technical summary: Important resistance at 142.47 has protected the upside and we are now looking for a break below minor support at 141.12 and more importantly a break below support at 140.99 as a confirmation […]
Investment pros and the public alike tend to extrapolate today’s financial trends into the future. Both groups can face substantial losses when a trend turns. Learn about a classic case of early bear-market buying: http://bit.ly/1ndsQqT Enjoy this video from Elliott Wave International Learn How the Wave Principle Can Improve Your Trading Related Posts:Video market update […]
Learn what you need to know about the unfolding economic trend. Review EWI’s Financial Forecast Service — FREE for two weeks » http://bit.ly/1ndsQqT Enjoy this video from Elliott Wave International Learn How the Wave Principle Can Improve Your Trading Related Posts:GBP/USD. April 12th. British economy continues to stagnate April 12, 2024 On the hourly chart, […]
Today’s Support and Resistance levels: R3: 142.72 R2: 142.47 R1: 142.14 Current spot: 141.97 S1: 141.75 S2: 141.42 S3: 141.12 Technical summary: We have been trading in a tight range for the last couple of days. Ideally resistance at 142.14 will protect the upside for a break below minor support at 141.75, and more importantly, […]
Elliott Wave International’s technical analysis expert, Jeffrey Kennedy, shows you the first step in identifying a high-confidence trade setup in this 4-minute video clip. It’s taken from a live lesson he taught on April 9, 2014. If you would like to learn more, sign up for Jeffrey’s free 45-minute webinar, “4 Critical Elements of High-Confidence […]
On April 30, the Federal Reserve said they would keep trimming their bond purchases while keeping interest rates at zero. Also, on the same day the new GDP number showed that the U.S. basically stalled in Q1. All that sounds pretty negative for stocks. Yet you’d be surprised to know that…http://bit.ly/1ndsQqT Enjoy this video from […]
What’s in a price chart? A lot! Plain and simple, price patterns help you spot high-confidence trading and investing opportunities. Yes, fundamentals have their place, but technical analysis — forecasting the market by looking for price patterns — gives you a tremendous edge. Oh, you already use technical indicators? Then you’re a step ahead of […]
Today’s Support and Resistance levels: R3: 1.6285 R2: 1.6202 R1: 1.6129 Current spot: 1.6095 S1: 1.6070 S2: 1.6000 S3: 1.5952 Technical summary: We are still looking for a decline to 1.6000, no matter which count turns out to be the correct one. We still prefer the bearish count calling for one last decline closer to […]
Today’s Support and Resistance levels: R3: 142.73 R2: 142.47 R1: 142.18 Current spot: 141.93 S1: 141.66 S2: 141.42 S3: 141.12 Technical summary: We have seen a new break above minor resistance at 141.80, which is frustrating, as the short-term patterns get even more complex than they already are. Ideally resistance at 142.18 will now protect […]
AUD/USD Elliott Wave Since our last analysis, the AUD/USD pair has been trading upwards, impulsive wave (i) (coloured blue) of the bigger wave [v] (coloured green) has been developing. In the 1-hour chart above, we can observe that ascending movements from the 0.9223 level has found resistance at the 0.9295 level. We are going to […]
USD/CAD Elliott Wave From the early start of this week, the USD/CAD pair has been trading downwards, impulsive wave [i] (coloured green) of the bigger wave C (coloured red) has been developing. In the 90-minutes chart of the pair above, we can see that the price has retraced towards the 50% of the previous upwards […]
The one-two punch 2014 winter storms that battered the southeastern United States left $13.5 million in damages in Georgia alone and thousands of residents displaced due to burst pipes and power outages. I am one of the displaced. Three months after the flood, I’m still living out of suitcases in a hotel while my apartment […]
Every time you use a new app on your smartphone, you may utter a silent prayer of gratitude for living in a post-industrial age. No more back-breaking heavy labor. Now, it’s all about technology and brain power. But what does it mean when the Dow Jones Industrial Average enters the post-Industrial Average age? Here’s a […]
Today’s Support and Resistance levels: R3: 1.6217 R2: 1.6196 R1: 1.6175 Current spot: 1.6120 S1: 1.6097 S2: 1.6057 S3: 1.6000 Technical summary: It is still an open question whether we only have seen a correction from 1.5766 or we are at the beginning of an impulsive rally of this low. The big question is whether […]
Today’s support and resistance levels:R3: 141.80 R2: 141.69 R1: 141.47 Current Spot: 141.31 S1: 140.99 S2: 140.60 S3: 140.37 Technical summary:Red wave ii ended exactly at the 70.7% corrective target at 142.47 and the decline from 142.47 does look impulsive. We will now be looking for minor resistance at 141.47 to protect the upside for […]
USD/CAD Elliott Wave Since our last analysis, the USD/CAD pair has been trading downwards, just like we expected, corrective wave [b] of [z] has been developing. In the 1-hour chart above, we can observe that correction from the 1.1053 is looking as the FLAT pattern, and if we are correct, we should see more downside […]
