Short term, SPX favors upside in wave ((iii)) of 3 started from 4048.28 low of 5.04.2023 and expect to remain supported in pullback. It is nesting as the part of impulse Elliott wave structure and favors further upside. It placed 2 of (3) at 3838.24 low and ((i)) of 3 at 4186.92 high. Within wave ((i)), it favored ended (i) at 4039.49 high and (ii) at 3914.24 low...
Short Term Elliott Wave in Copper (HG) suggests the metal ended wave ((2)) pullback at 3.54. The metal has turned higher in wave ((3)). Rally from wave ((2)) low is unfolding as a 5 waves impulse Elliott Wave structure. Up from wave ((2)), wave (i) ended at 3.618 and pullback in wave (ii) ended at 3.578. The metal extends higher in wave (iii) towards 3.694 and...
Short Term Elliott Wave in Dow Futures (YM) suggests rally from 3.15.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 3.15.2023 low, wave 1 ended at 34363 and pullback in wave 2 ended at 32619. The Index has turned higher in wave 3 with internal subdivision as another 5 waves in lesser degree. Up from wave 2, wave (i) ended at 3330 and...
Cycle from 5.4.2023 high in Gold is in progress as a 5 waves impulse. Down from 5.4.2023 high, wave ((i)) ended at 1999.30 and rally in wave ((ii)) ended at 2048.15. The metal then extends lower again in wave ((iii)) towards 1931.70 and wave ((iv)) ended at 1983.27. Internal subdivision of wave ((iv)) unfolded as a zigzag Elliott Wave structure. Up from wave...
Bitcoin (BTCUSD) decline from 4.14.2023 high shows a 5 swing sequence suggesting further downside can’t be ruled out. A 5 swing sequence typically is an incomplete sequence and can see more downside to end 7 swing as a double three (double zigzag) Elliott Wave structure. Down from 4.14.2023 high, wave (a) ended at 26981 and rally in wave (b) ended at 29851. Wave...
Tesla (TSLA) has broken above 2.16.2023 peak at 217.65. The stock now shows a bullish sequence from 1.6.2023 low favoring further upside. Near term, cycle from 5.24.2023 low is currently in progress as a 5 waves impulse with extension Elliott Wave structure. Up from 5.24.2023 low, wave ((i)) ended at 204.48 and dips in wave ((ii)) ended at 195.12. Internal...
Short term Elliott Wave in Nikkei (NKD) suggests that cycle from 1.3.2023 low is progressing as a 5 waves Elliott Wave impulse. Up from 1.3.2023 low, wave 1 ended at 28715 and pullback in wave 2 ended at 26285. Wave 3 rally ended at 31695 as 1 hour chart below shows. Dips in wave 4 unfolded as a double three Elliott Wave structure. Down from wave 3, wave (a)...
Short term Elliott Wave View in DAX shows that the Index ended wave (3) at 16333.28. It is now pulling back in wave (4). Internal subdivision of the pullback is unfolding as a zigzag Elliott Wave structure. Down from wave (3), wave ((i)) ended at 16179.14 and rally in wave ((ii)) ended at 16224.32. Index then resumes lower in wave ((iii)) towards 15802.86 and...
Short term Elliott Wave View in Nasdaq (NQ) suggests the rally from 4.26.2023 low is in progress as a 5 waves impulse with extension (nest). Up from 4.26.2023 low, wave ((i)) ended at 13370.25 and pullback in wave ((ii)) ended at 13001.75. Wave ((iii)) is currently in progress with internal subdivision as another 5 waves in lesser degree. The 1-hour chart below...
Short term Elliott Wave View in Advanced Micro Device (ticker: NASDAQ:AMD ) suggests the rally from 5.4.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 5.4.2023 low, wave (1) ended at 99.94 and pullback in wave (2) ended at 93.45. The stock resumes higher in wave (3) with subdivision as another 5 waves in lesser degree. Up from wave...
Rally in USDJPY from 1.16.2023 low takes the form of a 3 swing and about to reach the extreme area. The 100% – 161.8% Fibonacci extension form 1.16.2023 low comes at 140.4 – 147.1 where sellers can appear. This suggests that USDJPY is close to the time window where pair can see at least a 3 waves pullback. Short term, USDJPY’s rally from 5.4.2023 low is in...
Short term Elliott Wave view in Ten Year Notes (ZN) suggests that cycle from 3.24.2023 high is in progress as an expanded flat. Down from 3.24.2023 high, wave ((A)) ended at 113’3 and wave ((B)) ended at 117 as the 45 minutes chart below shows. The Notes then extends lower in wave ((C)). Internal subdivision of wave ((C)) is unfolding as a 5 waves impulse Elliott...
Short term Elliott Wave view in EURUSD suggests pair ended wave ((b)) at 1.1089. Wave ((c)) is currently in progress with internal subdivision as a 5 waves impulse Elliott Wave structure. Down from wave ((b)), wave (i) ended at 1.0985 and rally in wave (ii) ended at 1.1053. Internal subdivision of wave (ii) unfolded as expanded flat where wave a ended at 1.1048,...
Short term Elliott Wave View in Nvidia Corporation (ticker: NVDA) suggests that rally from 4.26.2023 low is unfolding as a 5 waves impulse Elliott Wave structure with extension. Up from 4.26.2023 low, wave ((i)) ended at 290.58 and dips in wave ((ii)) ended at 272.40. Stock has resumed higher in wave ((iii)) which subdivides into another 5 waves in lesser degree....
Short term Elliott Wave View in S&P 500 (SPX) shows the Index ended wave 3 at 4186.92 and pullback in wave 4 ended at 4048.4. Internal subdivision of wave 4 unfolded as a zigzag Elliott Wave structure. Down from wave 3, wave ((a)) ended at 4089.72 and rally in wave ((b)) ended at 4148.3. Final leg wave ((c)) lower ended at 4048.47. The Index has resumed higher...
Short term Elliott Wave View in Litecoin (LTCUSD) suggests the rally from 3.11.2023 low takes the form of an impulsive Elliott Wave structure. Up from 3.11.2023 low, wave 1 ended at 103.41 and pullback in wave 2 ended at 75.37. The crypto-currency has now rallied higher in wave 3. Up from wave 2, wave (i) ended at 82.07 and pullback in wave (ii) ended at 77.17....
Short Term Elliott Wave view suggests Gold ended wave 1 rally at 2081.82. Pullback in wave 2 is in progress as a double three Elliott Wave structure. Down from wave 1, wave (a) ended at 2030.21 and rally in wave (b) ended at 2059.56. Wave (c) lower ended at 1999.30 which completed wave ((w)). Wave (c) ended at the 100% – 123.6% Fibonacci extension of wave (a). We...
Short Term Elliott Wave View on Google ( NASDAQ:GOOGL ) suggests it ended wave 2 pullback at 103.68. Wave 3 higher is currently in progress with internal subdivision as a 5 waves impulse with extension. This is often called nesting impulse. Up from wave 2, wave ((i)) ended at 107.49 and pullback in wave ((ii)) ended at 103.97. The stock resumes higher in wave...