SPX Elliott Wave view in short-term cycles suggest that the bounce to 3/13 high (2803.37) ended primary wave ((X)). Down from there, primary wave ((Y)) remains in progress as a double three Elliott Wave structure. The internal distribution of wave ((Y)) shows overlapping structure, thus favored it to be a corrective sequence i.e either W.X.Y […]

The $SPX trend is to the upside but the Index ended the cycle from 2.2016 and like every other Index, it is correcting that cycle. In Elliott Wave Theory, corrections run in the sequences of 3-7-11 swings and consequently trading against the main trend which is to the upside is always risky. We do understand […]

In this blog, I will show you some short-term Elliott Wave charts of Russell which we presented to our members in the past. Down below, you see the 1-hour updated chart presented to our clients on the 04/11/18 calling for more upside in a Double Elliott Wave correction in red W-X. Russell ended the cycle from […]

TASI (Tadawul All Shares) an index from Saudi Arabia Elliott Wave Analysis suggests that the cycle from 11/21/2017 is showing higher high sequence. Calling for more upside extension towards 8259.82-8484.56 area next before it ends that cycle and starts the pullback. So now let’s take a look at the shorter cycles from February 11.2018 low. Which showed […]

Stocks and ETFs follow the same code in the market same as the rest of financial instruments like Forex. Every 5 waves impulsive structure is followed by a technical corrective sequences which come in 3-7-11. At the end of the corrective sequence, usually the instrument will resume the move within the main trend or at least correct […]

The Nifty 50 Index has a bullish sequence from the lows to the all time highs. The index currently shows nine swings up from the all time lows into the 2018 highs. It is now correcting the cycle higher from the February 2016 lows. This is noted on the chart with the red 8 label. In […]