"All human activities have three distinctive features: pattern, time and ratio - all of which observe the Fibonacci Summation Series" (R.N. Elliott - "Nature's Law - the Secret of the Universe" - 1946)


Monday, January 1, 2018

ELLIOTT WAVE ANALYSIS OF STOCK MARKET INDEXES: OUTLOOK 2018


I finished my three-year term (2014-2017) 
as CFO of an important Municipality;
I returned to the same job so this blog will still be open !

ElwaveSurfer

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2018 could be a two-sided year; 
after an initial correction (January-February), 
new bullish wave (from February / March to May /June), 
then correction (- 15/20% from the next top)

The scenarios are the same since 2 years (see 01.02.2016 post in www.ChartPatternsTrader.blogspot.it )

Wave degree: minor , (intermediate) , [Primary] , Cycle , [SuperCycle]

USA

DJIA
SPX

Preferred Scenario :

Short term Trend : Topping in wave 3 then bearish wave 4 of (5) 
Medium term Trend: bullish wave 5 then topping wave (5) of [3]
Long term Trend: bullish to Cycle Top wave I



GERMAN 
DAX

Preferred scenario:
Short term Trend: bearish wave  4 of (1) 
Medium term Trend: bullish topping wave 5 then bearish wave (2) 
Long term trend: bullish , wave [3] of I



CHINA
Hang Seng

Preferred scenario:

Short term Trend: bearish wave 4 of (3)
Medium term Trend: bullish in topping 
wave 5 of (3) then bearish  in wave (4) 
Long term trend: bullish [1] di V



Shanghai Composite
 (Preferred bullish, 1° Alternate bearish)



INDIA
Sensex

Preferred scenario:
Short term trend: unclear 
Medium term Trend: bullish 3 of (5) of [3]
Long term Trend: bullish [3] of III




 BRAZIL
Bovespa

Preferred scenario:
Short term Trend: bearish wave c of (2) 
Medium term Trend: bullish wave  (3) of [3]
Long term Trend: bullish [3] of V



KOREA
Kospi

Preferred scenario:
Short term trend: bearish wave [iv] of 1 
Medium term Trend: bullish wave 1 of (3) of [3]
Long term Trend: bullish [3] of V




JAPAN
Nikkey

Preferred scenario:
Short term Trend: bullish wave 3 of (5) 
Medium term Trend: bearish wave 4 of (2) 
Long term Trend: Topping wave [C] of B/X 


1° Alternate Scenario:
Short term Trend: bullish Alt:(5) Me
Medium term Trend: bullish  onda Alt:[5]
Long term Trend: Topping Alt:[5] of Alt:I then bearish Alt:II





Happy New Year
for trading and for Life!

ElwaveSurfer

Wednesday, January 6, 2016

SPX - In trouble

After the sell-off on Monday, it increases the likelihood of a bearish breakdown of flat pattern;  
in such case, the alternative scenario (red dotted line) would prevail.


ElwaveSurfer

Sunday, January 3, 2016

Elliott Wave Analysis of financial markets

STOCK MARKET INDEXES

DJIA
Preferred Scenario:

SHORT TERM Trend : Bullish (DJIA 18.400) 
INTERMEDIATE Trend : Bearish (DJIA 15.300)
LONG TERM Trend : Bullish




SPX
Preferred scenario

SHORT TERM Trend : Bullish (2.150 - 2.200) 
INTERMEDIATE Trend : Bearish (1.800)
LONG TERM Trend : Bullish



NDX

 Preferred scenario

SHORT TERM Trend : Bullish (4.900 - 5.000) 
INTERMEDIATE Trend : Bearish (3.700- 3.800)
LONG TERM Trend : Bullish



DAX

Preferred Scenario:

SHORT TERM Trend : Bullish (12.400) 
INTERMEDIATE Trend : Bearish (8.500 - 8.000)
LONG TERM Trend : Bullish



TOKYO NIKKEY

Preferred Scenario:

SHORT TERM Trend : Topping 
INTERMEDIATE Trend : Bearish (14.000)
LONG TERM Trend : Bearish



Interesting US stock 
with good CANSLIM rating and technical pattern
(long trade setup)

 AVGO

 BABA


 FB


 OLED


 REGN



CURRENCIES

EUR/USD



USD / JPY




AUD / USD



 GBP / USD


 EUR / GBP



COMMODITIES

GOLD

Preferred Scenario:

SHOR TERM Trend : Sideways 
INTERMEDIATE Trend : Bearish / Bottoming (980 - 1000)
LONG TERM Trend : Bullish






CRUDE OIL

Preferred Scenario:

SHOR TERM Trend : Sideways 
INTERMEDIATE Trend : Bearish / Bottoming (29-30)
 LONG TERM Trend : Bullish



Happy new Year and best wishes for your trading ;-))


ElwaveSurfer

Monday, July 20, 2015

Elliott Wave analysis of stock market indexes , GOLD and OIL

After several months in which I have been very busy  
(I changed jobs as CFO in a capital City and I cared serious health problems)  
I return to post on this blog 
(in the Italian one, http://chartpatternstrader.blogspot.it/  
I started three months ago).

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For the comparison, look at the previous post 

NDX



SPX



 DJIA



 GERMAN DAX



 TOKYO NIKKEI


 GOLD




CRUDE OIL



ElwaveSurfer