Elliott Wave View: Oil Looking To Break Higher

by elliottwave-forecast.com | July 9, 2020 4:24 pm
Light Crude Oil 45 minutes chart below shows that the commodity has ended wave (2) pullback at 37.09 low.  From there, the commodity extended higher, with the rally unfolding as a diagonal Elliott Wave structure. Up from that...

Draftkings Inc. ($DKNG) Room For More Upside

by elliottwave-forecast.com | July 9, 2020 4:20 pm
The Corona Virus has had its toll on the marketplace in general. But some select names have remained resilient through the decline, DraftKings is one of those names.  Draftkings went public on April 24/2020.  The announcement was...

$CAC40 : French Stock Market Index is Looking Higher

by elliottwave-forecast.com | July 8, 2020 4:48 pm
CAC40 is a French stock market index representing a capitalization-weighted measure of the 40 most significant stocks on the Euronext Paris; the ticker is $PX1. The drop in indices in February-March 2020 which many still relate to COVID-19...

EEM Emerging Markets Getting Ready For A Big Move.

by elliottwave-forecast.com | July 7, 2020 4:18 pm
EEM (The Emerging Market ETF) could be getting ready for a huge move higher. The ETF has been sideways since the peak in 2007.  EEM looks weaker when compared to the rest of the World Indices because of...

$SMH Semiconductors Long Term Cycles & Elliott Wave

by elliottwave-forecast.com | July 7, 2020 4:17 pm
$SMH Semiconductors Long Term Cycles & Elliott Wave Firstly as seen on the monthly chart shown below. There is data back to May 2000 in the ETF fund. Data suggests the fund made a low in November 2008....

Elliott Wave View: SPY Looking to Extend Higher

by elliottwave-forecast.com | July 7, 2020 4:16 pm
SPY has ended the cycle from June 16 high in wave (2), which unfolded as a double three Elliott Wave Structure. From June 16 high, wave W ended at 305.85 low. Wave X bounce ended at 314.57...

JP Morgan Chase ( NYSE: JPM) Soon Will Define The Path

by elliottwave-forecast.com | July 7, 2020 4:16 pm
JPM Chase & Corporation, as many World Indices is showing an incomplete impulse since the all-time lows. The Instrument is showing a Grand Super Cycle propose impulse which is showing a wave (I) ending at 2000 peak....

Overstock.com, Inc. ($OSTK) Riding The Bull Waves

by elliottwave-forecast.com | July 7, 2020 4:15 pm
The Corona Virus has had its toll on the marketplace in general. But some select names have rallied sharply off the March 2020 lows, Overstock is one of those names.  Overstock has managed to rally from a...

GOOGLE (GOOGL) Forecasting The Rally From The Blue Box

by elliottwave-forecast.com | July 7, 2020 4:14 pm
Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of GOOGLE stock, published in members area of the website.  As our members know, GOOGLE is another instrument...