• 288 days Will The ECB Continue To Hike Rates?
  • 288 days Forbes: Aramco Remains Largest Company In The Middle East
  • 290 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 690 days Could Crypto Overtake Traditional Investment?
  • 695 days Americans Still Quitting Jobs At Record Pace
  • 697 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 700 days Is The Dollar Too Strong?
  • 700 days Big Tech Disappoints Investors on Earnings Calls
  • 701 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 702 days China Is Quietly Trying To Distance Itself From Russia
  • 703 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 707 days Crypto Investors Won Big In 2021
  • 707 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 708 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 710 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 711 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 714 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 715 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 715 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 717 days Are NFTs About To Take Over Gaming?
Trade In Counterfeit Goods Hits Half A Trillion Dollars

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to…

Contact Author

  1. Home
  2. Markets
  3. Other

$DJUSRE Dow Jones Real Estate Index Elliott Wave Analysis

Today, we are going to present Elliott Wave Analysis of the Real Estate sector and see how it's been performing in comparison with rest of the World Indices. We can hardly spot any differences as we think Real Estate sector is following the same cycles as Dow & SPX. There was a Real estate peak in 2007 that we have labelled as (w). It was the time when everyone was very enthusiastic about investing in the real estate market for the fear of getting left out of the move. However, no one paid attention to the fact that market was in a technical area from where a decent pull back could take place. It was the 123.6 - 161.8 ext of ((W))-((X)) starting from red x low (May 2004). Real Estate did turn lower as the Elliott Wave analysis would have suggested, it was a steep decline but once again buyers appeared where they should have appeared. Just around 123.6 ext of red w-x. Index then started a rally creating a Real Estate bottom in 2009 (to be confirmed on a break above 2007 peak).

There would be pull backs but best of reading of the Elliott Wave cycles suggest, there shouldn't be a significant pull back happening until the real Estate Index has not hit 342.50 - 380.78 inflection area which is 100 - 123.6% extension of ((W))-((X)) up from 2009 low. We think this area would end the cycle from 2009 low or at least from 2011 low resulting in a larger 3 wave pull back in the Index which should find buyers again as the trend remains to the upside which is the trend for the human race as well (growing & getting better). It should be noted this is not an investment advice.

Dow Jones Real Estate Index Elliott Wave Analysis Chart
Larger Image

 


If you would like to have an access of EWF analysis in real time, click here and feel free to join us. We provide Elliott Wave charts in 4 different time frames, 2 live webinars by our expert analysts every day, 24 hour chat room support, market overview, daily and weekly technical videos and much more.

 

Back to homepage

Leave a comment

Leave a comment