$FXE Elliott Wave and Longer Term Cycles Firstly as seen on the weekly chart shown below the instrument made a high in April 2008. There is data back to December 2005 in the ETF fund. Data correlated in the EURUSD foreign exchange pair suggests the high in April 2008 was the end of a cycle up […]

Gold market continues to extend higher with uncertainties in pandemic and ultra-loose monetary policy by central banks. It has printed a 7 year high of $1779 and shows no sign of stopping. It has broken to new-all time high against many other major currencies, such as Euro, Pound Sterling, and Yen. Gold stocks should benefit […]

SPX ended the cycle from April 2 low and is currently correcting that cycle. While below June 9 high, index can do another leg lower before upside resume.

Drive Shack ($DS) has been making steady gains since the March 2020 low.  Technically speaking, it has a nice Elliott Wave chart, and is following the pattern of the general indices fairly well.  Let’s take a look at what they do as a company: “Drive Shack Inc. is a leading owner and operator of golf-related […]

Exxon (XOM) shows incomplete bearish sequence against June 8 high. While below June 16 high, expect bounce in 3,7,11 swing to fail for more downside.

In this blog, we take a look at the past performance of 4 hour Elliott Wave charts of SPY, In which our members took advantage of the blue box areas.