Recent Analysis 

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  DOW SHORT TERM

  April 22, 2018
  The rally from 23342 is very corrective and choppy looking, so I favor more weakness now whilst its below 24859. The bearish case needs a big move below 24000, then …Read More
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  NQ SHORT TERM

  April 22, 2018
  The advance from 6306 looks very corrective looking and with the weakness we have seen from 6866 over the last 2 days, looks more bearish looking than bullish. Its difficult …Read More
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  ES SHORT TERM

  April 22, 2018
  The advance from 2551ES looks very corrective, so I would now favor more downside based on the recent weakness from 2718ES, however there is a difference between the SPX and …Read More
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  NDX SHORT TERM

  April 22, 2018
  Essentially the same ideas as the SPX, the recent decline from 6856NDX is impulsive and difficult for me to suggest its in wave [5] of a bullish idea. So based …Read More
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  SPX SHORT TERM

  April 22, 2018
  The decline we have seen over the last 2 days is impulsive looking and supporting more weakness. The look can also be counted as 5 waves from 21717SPX, so if …Read More
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  GDX SHORT TERM

  April 22, 2018
  The upside on many Gold stocks looks weak, if GDX fails to continue higher to support a more bullish idea, then it could well see a big move back below …Read More
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  XJO SHORT TERM

  April 22, 2018
  A strong break under 5800 is still needed as the 1st clue to suggest more weakness, the upside from 5724 appears to be very corrective , so I am favoring …Read More
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  HANG SENG (HSI) SHORT TERM

  April 22, 2018
  Ideally it holds below 30848, it has a potential setup for a strong decline now if we can see some strong price action below 29500. If it moves above 30848, …Read More

Recent Blog Posts

Elliott wave Analysis of Amdocs (DOX)

April 17, 2018

With the spike to new high its now possible to count 5 waves from the 2016 lows, which in turn could also be counted as the end to a larger...  Read More

Elliott Wave Analysis of Marriott International Inc (MAR)

March 27, 2018

Looking at the whole structure from the 2016 lows it still appears to be missing a new high to develop a 9 swing advance to complete an impulse wave  (9...  Read More

Elliott Wave Analysis of XBI (Biotech ETF)

March 26, 2018

The recent high in March 2018 failed to make a new high, so as the look from the Feb 2018 lows appears to in 3 waves, I favor its most...  Read More

Elliott Wave Analysis of Electronic Arts (EA)

March 24, 2018

The new high could be a potential important peak, the advance from the 2012 lows now has enough gyrations to make a case for the competition of an impulse wave...  Read More

Elliott Wave Analysis of SPX

March 24, 2018

Fridays breakdown is more reminiscent of a 3rd of 3rd wave of an impulse wave. So whilst its below 2695, then I favor further weakness as part of a developing...  Read More

Elliott Wave Analysis of USDJPY

March 21, 2018

Since the last post, it appears to suggest the market has been developing into a possible triangle for wave [iv], whilst its possible to label a low in place for...  Read More

Elliott Wave Analysis of American Express (AXP)

March 21, 2018

Unless we force a truncation at the last swing high, I am still favoring the idea the current set of gyrations are mostly likely part of a large 4th wave...  Read More

Elliott Wave Analysis of NXP Semiconductors (NXPI)

March 20, 2018

With the new high its now possible to label 5 waves from the 2016 lows, thats important as it can also end a much larger impulse wave (5 wave advance)...  Read More