Aussie$/US$ – CRB Cash Index Correlation
Commodity prices are one of the key factors in the Australian economy which combined with global growth and interest rates drives the Australian Dollar. There exists a high correlation between Aussie$/US$ and CRB cash index and by extrapolating the Elliott Wave count for one, we are a step ahead in determining the direction of the […]Continue reading «Aussie$/US$ – CRB Cash Index Correlation »
Forecast 2014
We would like to announce that finally the latest video release of WaveTrack International’s medium-term wave counts have been completed and are now available for viewing. This is a preview of price-forecasts for 2014 and is complimentary with your current EW-Compass subscription. We’ve listened to what you wanted – to view the larger patterns that […]Continue reading «Forecast 2014»
Eurostoxx 50
This week lets take a look at European market. By perfectly trading into original upside objectives at 3058.72, the Eurostoxx has set the stage for a reversal from current levels. This would confirm the completion of the entire leading-contracting diagonal that dates back to the 2011 low of 1935.89 and set the stage for a […]Continue reading «Eurostoxx 50»
S&P 500
The S&P is now approaching ultimate upside objectives to 1740.00+/-. The probability of a reversal from there is deemed very high. An important indication is the price behaviour of European stocks which – formerly outperforming – have been showing signs of waning momentum for the last days. A reversal from 1740.00+/- would prompt a sustained […]Continue reading «S&P 500»
S&P 500 Updated
Intermediate wave (3) that began from the June ’12 low of 1266.74 is shown unfolding into a five wave expanding-impulse sequence, subdividing into minor degree, i-ii-iii-iv-v. In this ‘preferential’ count, wave iii. is shown to have completed at the May ’13 high of 1687.18 followed by wave iv. to 1560.33. Subsequent wave v. is taking […]Continue reading «S&P 500 Updated»
One more push up?
One of our Elliott Wave counts on S&P 500 allows a higher high to trade prior a decline towards 1540.00+/-. This is also suggested by a short-term BUY signal on VIX: However, more and more weakness can be found around other global stock indices, especially Asia. Just a reminder, the latest market commentary (updated twice […]Continue reading «One more push up?»