Fifth wave extension of S&P500 completed

S&P500 is ready to dive On 5th May I presented you with this chart. The market more-or-less behaved as expected. In a more recent update I warned you to be patient until we get the first clue of a topping out is shown to us. The reason is quite simply we won’t...

S&P 500 up trend target

The current uptrend in the S&P500 has more time to go In recent updates I have called for the S&P500 index to remain well bid, warning we could see it reach its first target of 937 in this short term up trend. That level is very close, and not far from another...

S&P500 continues to rally

S&P500 continues irs rally The 886 level in S&P didn’t hold for long, and any shorts there should have been stopped just above that level. The market continues to remain strong, and there is a pretty good chance we will reach 937. See what happens there. Don’t...

Tata Steel stock outlook

Tata Steel Ltd in Wave 3?For a while now we have been working under the paradigm that Indian stock markets have bottomed out, and we are in a new bull market. In the case of many stocks this translates into a third wave position at the present time because we have...

Elliott Wave Analysis of Forex

If you are trading in the Forex markets, and wish to learn how to use Elliott Wave Analysis to trade currencies profitably, then you should start by reading the book “Elliott Wave Principle Applied to the Foreign Exchange Markets” written by Robert Balan. I have had...