• 509 days Will The ECB Continue To Hike Rates?
  • 510 days Forbes: Aramco Remains Largest Company In The Middle East
  • 511 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 911 days Could Crypto Overtake Traditional Investment?
  • 916 days Americans Still Quitting Jobs At Record Pace
  • 918 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 921 days Is The Dollar Too Strong?
  • 921 days Big Tech Disappoints Investors on Earnings Calls
  • 922 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 924 days China Is Quietly Trying To Distance Itself From Russia
  • 924 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 928 days Crypto Investors Won Big In 2021
  • 928 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 929 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 931 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 932 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 935 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 936 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 936 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 938 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

DJIA and FTSE100 Intraday: Elliott Wave Analysis

US markets will open in less than 15mins with the cash market at their highs. We were looking for that push up in this week as latest sideways price action was just another correction within uptrend. It was fourth wave so market is now running up in wave five of an impulsive structure from August low which means that upside can be limited. But there is room for 17200 on DJIA, or even 17350 if gains will stay here till the NFP that can be a trend changer. However, I would not be buying here, expecting a retracement soon.

DJIA (September 2014) 1h Elliott Wave Analysis

DJIA (September 2014) 1-Hour Elliott Wave Analysis Chart

FTSE100 traded higher today as expected and finally reached levels around 6900 where market could be looking for a top of a fifth wave, so sooner or later market will turn south. Break beneath the channel line and 6804 support will be an early sign for a completed five wave move from 6493.

FTSE100 1h Elliott Wave Analysis

FTSE100 1-Hour Elliott Wave Analysis Chart

 


Get 2 Month Package for the price of 1 month >> http://www.ew-forecast.com/service

 

Back to homepage

Leave a comment

Leave a comment