S&P 500 daily analysis (EWT + Momentum study)
S&P 500 is topping. Yes, there are little doubts about that, the only question left is do we have one more additional upswing prior to staging the big decline or not? Last week we showed deteriorating weekly market internals, today we focus on the daily chart. Basis our preferential Elliott Wave count, the advance that […]Continue reading «S&P 500 daily analysis (EWT + Momentum study)»
The Big Secret in Financial Markets
Dear Elliott Wave enthusiasts! The northern hemisphere’s Summer Solstice is the opposite of the southern hemisphere’s Winter Solstice, the period of longest daylight/nightfall, scheduled for this coming Saturday, 21st June. The balancing of day/night is just one dualistic aspect of our universe and a reminder of the one which also epitomises the dualistic concept found […]Continue reading «The Big Secret in Financial Markets»
Trading below the ‘Big Day’
S&P 500 and Dow are back below the price levels traded just before the FED announcement of prolonging the bond buying programme. S&P 500 has hitted a perfect target that day (measured by a fib. 61.8% correlation ratio between waves 1-3 and 5), momentum as shown on daily Dow chart is waning and is close […]Continue reading «Trading below the ‘Big Day’»
Dow at the new all-time high!
Back in December 2010 when Dow was trading at 11500 we have made a forecast for a break to the new all-time high during the next few years. For the record, please take a look at the video we have published in our site: https://www.wavetrack.com/outlook-forecasts-2011.html Yesterday Dow broke to the all-time high confirming our ‘inflation-pop’ […]Continue reading «Dow at the new all-time high!»
Dow Jones 30
The Dow Jones is already approaching original upside targets at 13356.80. This means that any reversal from current levels would validate the resumption of the larger downswing from 13588.70. Downside targets to be achieved during the next few months remain towards 12221.50-069.40. This forecast is negated above 13588.70. Shorter-term, a break below 12765.30 would confirm […]Continue reading «Dow Jones 30»
Dow Jones 30
As the Dow Jones Industrial has already exceeded the preceding 13367.30 low, the contracting-symmetrical triangle pattern unfolding as minute wave 4 from the September high of 13653.20 has been changed into an expanding flat sequence. Short-term downside objectives measure to 13300.70 – a reversal from there would trigger the finalising upswing to min. 13823.60 and […]Continue reading «Dow Jones 30»
« go back