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Tech Giants Rally Ahead Of Earnings Reports

Tech Giants Rally Ahead Of Earnings Reports

Earning season has just begun,…

Investors Bullish As Earnings Season Kicks Off

Investors Bullish As Earnings Season Kicks Off

The first round of earnings…

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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…

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IBEX Short-term Elliott Wave Analysis

Short term Elliottwave structure suggests cycle from 11/4 peak ended with wave ((3)) at 7862.8 and the Index is in wave ((4)) bounce to correct decline from 11/4 peak. Internal of wave ((4)) is unfolding as a double three where wave (W) ended at 8478.9, and wave (X) ended at 7967.88. Cycle from wave ((3)) low is already mature and there's enough number of swings to call wave ((4)) complete, but while above 8221.01, Index can still extend higher a bit in wave ((4)) towards 8859.61 - 8966.38 area before the decline resumes. We don't like buying the proposed push higher and expect sellers to appear from 8731.19 - 8966.38 area for at least 3 waves pullback.

IBEX Elliott Wave Analysis Chart
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