Elliott and Fibonacci Patterns

Tuesday, April 3, 2018

ELLIOTT WAVE ANALYSIS OF STOCK MARKET INDEXES FOR THE SECOND QUARTER 2018

Lungo termine : preferred scenario, BULLISH (Cycle Top 2020 - 2021)

Medium and short term (US indexes)

preferred scenario => wave 4 correction of minor degree in the middle stage (if triangle) or final stage (if flat or zig-zag) ; possible new highs in the summer.

first alternate scenario : wave 4 correction of primary degree in the early stage

DJIA

SPX

NASDAQ

TOKYO - Nikkey

HONG KONG - Hang Seng

INDIA - Sensex

COREA - Kospi

BRASILE - Bovespa

GERMANIA - Dax

ElwaveSurfer

Monday, January 1, 2018

ELLIOTT WAVE ANALYSIS OF STOCK MARKET INDEXES: OUTLOOK 2018

I finished my three-year term (2014-2017)
as CFO of an important Municipality;
I returned to the same job so this blog will still be open !

ElwaveSurfer

-------------------------

2018 could be a two-sided year;
after an initial correction (January-February),
new bullish wave (from February / March to May /June),
then correction (- 15/20% from the next top)

The scenarios are the same since 2 years (see 01.02.2016 post in www.ChartPatternsTrader.blogspot.it )

Wave degree: minor , (intermediate) , [Primary] , Cycle , [SuperCycle]

USA

DJIA
SPX

Preferred Scenario :

Short term Trend : Topping in wave 3 then bearish wave 4 of (5)

Medium term Trend: bullish wave 5 then topping wave (5) of [3]

Long term Trend: bullish to Cycle Top wave I

GERMAN
DAX

Preferred scenario:

Short term Trend: bearish wave 4 of (1)

Medium term Trend: bullish topping wave 5 then bearish wave (2)

Long term trend: bullish , wave [3] of I

CHINA

Hang Seng

Preferred scenario:

Short term Trend: bearish wave 4 of (3)

Medium term Trend: bullish in topping ,

wave 5 of (3) then bearish in wave (4)

Long term trend: bullish [1] di V

Shanghai Composite

(Preferred bullish, 1° Alternate bearish)

INDIA

Sensex

Preferred scenario:

Short term trend: unclear

Medium term Trend: bullish 3 of (5) of [3]

Long term Trend: bullish [3] of III

BRAZIL

Bovespa

Preferred scenario:

Short term Trend: bearish wave c of (2)

Medium term Trend: bullish wave (3) of [3]

Long term Trend: bullish [3] of V

KOREA

Kospi

Preferred scenario:

Short term trend: bearish wave [iv] of 1

Medium term Trend: bullish wave 1 of (3) of [3]

Long term Trend: bullish [3] of V

JAPAN
Nikkey

Preferred scenario:

Short term Trend: bullish wave 3 of (5)

Medium term Trend: bearish wave 4 of (2)

Long term Trend: Topping wave [C] of B/X

1° Alternate Scenario:
Short term Trend: bullish Alt:(5) Me

Medium term Trend: bullish onda Alt:[5]

Long term Trend: Topping Alt:[5] of Alt:I then bearish Alt:II

Happy New Year
for trading and for Life!

ElwaveSurfer

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.