Inovio Pharmaceuticals Inc ($INO) Cycle Nearly Complete

by elliottwave-forecast.com | May 22, 2020 3:57 pm
The next entry in the theme of Corona Virus stocks is Inovio Pharmaceuticals Inc.  Inovio has had a steady advance during the COVID-19 spreading worldwide.  It also remains very technical as with all other stocks. Lets take...

RTY_F (Russell 2000) Forecasting The Bounce From Blue Box

by elliottwave-forecast.com | May 21, 2020 3:26 pm
In this blog, we are going to take a look at the Elliott Wave chart of RTY_F (E-mini Russell 2000). The 1 hour NY Midday chart update shows that the cycle from April 29 peak is unfolding...

Crude Oil Staging Furious Comeback

by elliottwave-forecast.com | May 21, 2020 3:25 pm
Crude Oil prices are staging impressive comeback after last month’s collapse to -$30. Sentiment in Oil has vastly improved in the past few weeks.  Hopes of the supply cut as well as demand rebound help to support...

Elliott Wave View: Further Downside in GBPNZD

by elliottwave-forecast.com | May 21, 2020 3:24 pm
GBPNZD broke below 3.19.2020 low (1.9899) creating an incomplete bearish sequence from 3.9.2020 high (2.182). Short term Elliott Wave View suggests the decline from 4.1.2020 high is unfolding as a 5 waves impulse Elliott Wave structure. Down...

Southwest Airlines (LUV): The Ending Diagonal and World Indices

by elliottwave-forecast.com | May 20, 2020 4:40 pm
In this article, we will take a look at Southwest Airline (ticker: LUV) stock. The airlines industry and stock have been battered due to the corona virus. We do understand that the Fundamentals might not look great...

$EURGBP FX Pair Elliott Wave and Longer Term Cycles

by elliottwave-forecast.com | May 20, 2020 4:39 pm
$EURGBP FX Pair Elliott Wave and Longer Term Cycles Firstly as seen on the monthly chart below there is data back to January 1975 in the pair. The EUR part being derived from the German Deutsche Mark up...

Elliott Wave View: Amazon (AMZN) Impulsive Move In Progress

by elliottwave-forecast.com | May 20, 2020 4:39 pm
Amazon stock (ticker: AMZN) continues to perform well as the demand of the service surges due to the Covid-19. The pandemic forces people to stay at home and buy a lot of things online, which is precisely...

INDU ( $YM_F ) Found Buyers After Elliott Wave Zig Zag Pattern

by elliottwave-forecast.com | May 20, 2020 4:38 pm
Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of INDU.  As our members know INDU has recently given us pull back against the March 18058 low. ...

Shopify (NYSE:SHOP) – Bulls Looking To Remain In Control

by elliottwave-forecast.com | May 19, 2020 3:17 pm
Shopify (NYSE: SHOP) is one of the best performing technology stocks since its IPO back in 2015. As electronic commerce boomed in recent years, SHOP saw an enormous gain in value up to 2900% punting the stock as one...

Elliott Wave View: SPY Has Resumed Wave 3 Higher

by elliottwave-forecast.com | May 19, 2020 3:16 pm
Short Term Elliott Wave view in SPY (S&P 500 ETF) suggests the rally from 3.23.2020 ended at 296.77 as wave ((1)). Pullback in wave ((2)) is proposed complete at 273.07 as the 30 minute chart below shows....