"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 22 hours OPEC ‘Supergroup’ Keeps Oil Exports Subdued
  • 23 hours One Belt, One Road, One Direction for Precious Metals
  • 1 day Vicious Trio Keeps Bitcoin in Chokehold
  • 1 day How Infrastructure Is Driving A Commodity Boom
  • 1 day What’s Really Happening With Venezuela’s “El Petro?”
  • 1 day Gold Bull and Bear Markets
  • 2 days 5 Big Drivers of Higher Inflation Rates Ahead
  • 2 days U.S. And China To Face Off Over Aramco IPO
  • 2 days Gold Bulls, Brace Yourselves – Fed Hikes Are Coming!
  • 2 days Stocks Fail to Hold Gains, But Still No Correction
  • 2 days Cryptojacking: A New Threat Vector To Critical Infrastructure
  • 3 days Why The Next Oil Boom Will Be Fueled By Blockchain
  • 3 days 5 Things Investors Should Know About China this New Year
  • 3 days Is The South Korean Crypto-Drama Finally Over?
  • 3 days Miners’ Rally? What Rally? Watch Out for More Fake Moves!
  • 3 days Four Percent 10-year Note Yield Will Be a Floor Not a Ceiling
  • 3 days The End Is Near
  • 4 days 5 Record Breaking Gemstones Even Billionaires Can’t Buy
  • 4 days Irredeemable Currency De-tooths Savers
  • 4 days CFTC Offers Bounty For Crypto Pump And Dump Whistleblowers
Decision Time

Decision Time

Last week, I mentioned that…

U.S. Dollar Bull and Bear Markets

U.S. Dollar Bull and Bear Markets

The idea of endlessly repeated…

Elliott Wave Analysis On USDJPY And SP500

USDJPY

USDJPY is falling close to the 103.00 mark, making leg down from 105.20 even more extended so price structure fits now even better into a bearish impulse. As such, we see this leg down as wave three that is now in final stages so be aware of a short-term recovery up into wave four that can look for a resistance at 103.80-104.00 area.

USDJPY, 1H

USD/JPY 1-Hour Chart


S&P500

A sharp breakdown yesterday on E-mini S&P500 and daily close outside of a trading range suggests that US stocks can see more weakness in the next few sessions. In fact, we are tracking wave C down from 2135 that should be made by five waves, so it appears that another leg is missing. As such, new leg down can follow, ideally to 2080 area where we would be looking for a bounce later this week.

S&P500, 1H

S&P500 1-Hour Chart

 


Interested in our services? We have a Special Offer: Get 14 Days Access For 1€!! Grab the opportunity now at www.ew-forecast.com You can even subscribe to our Twitter account -> @ewforecast

 

Back to homepage

Leave a comment

Leave a comment




Don't Miss A Single Story