EuroStoxx June Rally Finds Secondary Support!
EuroStoxx and Xetra Dax – June Rally Finds Secondary Support! [title for twitter] The May corrective zig zag declines for both the Eurostoxx 50 and Xetra Dax remain incomplete targeting 3315.75+/- and 12145.00+/- respectively, but the interim June rally labelled wave ‘b’ hit important support levels this morning, slightly above last week’s low which now […]Continue reading «EuroStoxx June Rally Finds Secondary Support!»
SP500 – CORRECTION DUE!
SP500 – 5 Wave Expanding-Impulse Pattern Ending Now – Correction Due! SP500 is in the process of ending a short-term five wave uptrend that began from the early-may low of 2591.25 towards 2708.75+/-. A corrective downswing is measured towards 2649.50+/- Tuesday’s update in our latest report stated ‘…The current intra-hourly advance from the early-May low […]Continue reading «SP500 – CORRECTION DUE!»
TESLA INC. – Expanding Diagonal!
Tesla vs. Goldman Sachs – We’re Backing Tesla! Tesla Inc. caught our attention following last week’s publication of investment bank Goldman Sachs’ recent analyst report. It stated suspicion over the sustainability of the Model 3 production rate for Q2 2018 and that it would probably be far lower than Tesla’s optimistic estimates. CEO Elon Musk […]Continue reading «TESLA INC. – Expanding Diagonal!»
Value Line Index – Expanding Flat!
Markets Higher Now! In recent updates, U.S. index declines from February 27th highs were identified as unfolding into 3-3-5, [A]-[B]-[C] expanding flat patterns. This is the case for the S&P 500, the S&P 400 mid-cap, the Russell 2000 small-cap, the Nasdaq 100 together with several sector indices including recent updates for the XLY Consumer Disc. […]Continue reading «Value Line Index – Expanding Flat!»
Nasdaq100 – Expanding Flat – New Update!
NASDAQ100 – Technology Stock Slide Over! Nasdaq100 ended corrective expanding flat downswing yesterday at 6322.90 – outlook affirms bullish call for next several weeks.Continue reading «Nasdaq100 – Expanding Flat – New Update!»
NASDAQ 100 – Success! Downside targets achieved
NASDAQ 100 – Downside Targets Achieved @ 6507.84! Last week’s escalating news-flow around President Trump’s plans to expand upon existing U.S. import tariffs caught the markets out. Subsequently, leading to declines of -9.5% per cent in the Nasdaq 100 over the last 10-day period. Naturally, mass media and analysts continue to debate the impact of […]Continue reading «NASDAQ 100 – Success! Downside targets achieved»
SP500 – Drama, Declines & Opportunity!
DIARY OF AN ELLIOTT WAVE ANALYST SP500 – A WEEK OF DRAMA, DECLINES & OPPORTUNITY! It was a week of drama, declines & opportunity for SP500. But it all began several days before, on Friday 26th January. The SP500 index was testing upside targets of 2861.75+/-, eventually overrunning slightly to 2878.50 (futures) first thing Monday […]Continue reading «SP500 – Drama, Declines & Opportunity!»
Elliott Wave – The SLANTING FLAT Pattern – GBP/USD
R.N. Elliott’s SLANTING FLAT Pattern – GBP/USD There’s a variation to the corrective ‘FLAT’ pattern that R.N. Elliott documented which causes some confusion in identification. Fortunately, it’s quite rare though. It’s called a SLANTING FLAT. Like the ‘horizontal’, ‘running’ and ‘expanding’ flat’s it subdivides the same, as a 3-3-5 sequence but with some slight differences. […]Continue reading «Elliott Wave – The SLANTING FLAT Pattern – GBP/USD»
3 Reasons to watch out for Copper
Copper – 2016 impulse uptrend concluding with ending-diagonal pattern! It was exactly two-years ago that Copper prices were forging important lows at $4318 tonne. At the very same time the grand ‘RE-SYNCHRONISATION’ lows formed for developed and emerging markets. This major event was identified and documented in our monthly INSTITUTIONAL EW-NAVIGATOR REPORT and subsequent bi-weekly […]Continue reading «3 Reasons to watch out for Copper»
Currencies & Fixed Income 2018 Video Series
This latest installment of WaveTrack International’s Annual 2018 three part VIDEO SERIES takes an in-depth look at how Elliott Wave patterns and cycles translate across most of the major currencies & interest rates of the world – PART III, CURRENCIES & INTEREST RATES – 2018 & BEYOND. Our latest Video/Report analyses over 55 charts and […]Continue reading «Currencies & Fixed Income 2018 Video Series»
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