"All human activities have three distinctive features: pattern, time and ratio - all of which observe the Fibonacci Summation Series" (R.N. Elliott - "Nature's Law - the Secret of the Universe" - 1946)


Wednesday, January 6, 2016

SPX - In trouble

After the sell-off on Monday, it increases the likelihood of a bearish breakdown of flat pattern;  
in such case, the alternative scenario (red dotted line) would prevail.


ElwaveSurfer

Sunday, January 3, 2016

Elliott Wave Analysis of financial markets

STOCK MARKET INDEXES

DJIA
Preferred Scenario:

SHORT TERM Trend : Bullish (DJIA 18.400) 
INTERMEDIATE Trend : Bearish (DJIA 15.300)
LONG TERM Trend : Bullish




SPX
Preferred scenario

SHORT TERM Trend : Bullish (2.150 - 2.200) 
INTERMEDIATE Trend : Bearish (1.800)
LONG TERM Trend : Bullish



NDX

 Preferred scenario

SHORT TERM Trend : Bullish (4.900 - 5.000) 
INTERMEDIATE Trend : Bearish (3.700- 3.800)
LONG TERM Trend : Bullish



DAX

Preferred Scenario:

SHORT TERM Trend : Bullish (12.400) 
INTERMEDIATE Trend : Bearish (8.500 - 8.000)
LONG TERM Trend : Bullish



TOKYO NIKKEY

Preferred Scenario:

SHORT TERM Trend : Topping 
INTERMEDIATE Trend : Bearish (14.000)
LONG TERM Trend : Bearish



Interesting US stock 
with good CANSLIM rating and technical pattern
(long trade setup)

 AVGO

 BABA


 FB


 OLED


 REGN



CURRENCIES

EUR/USD



USD / JPY




AUD / USD



 GBP / USD


 EUR / GBP



COMMODITIES

GOLD

Preferred Scenario:

SHOR TERM Trend : Sideways 
INTERMEDIATE Trend : Bearish / Bottoming (980 - 1000)
LONG TERM Trend : Bullish






CRUDE OIL

Preferred Scenario:

SHOR TERM Trend : Sideways 
INTERMEDIATE Trend : Bearish / Bottoming (29-30)
 LONG TERM Trend : Bullish



Happy new Year and best wishes for your trading ;-))


ElwaveSurfer