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E-mini S&P500: Be Aware Of A 3-Wave Rally
March 27 2017We see dollar index to hit new lows of the year as EURUSD breaks above 1.0800, while stocks sold-off as Trump's health-care bill fails. E-mini S&P500 has extended its weakness from last week down to 2320 area which was our projected zone for a fifth wave of decline, highlighted last week. Question is, what is next. Well, if you are familiar with the Ellliott Wave principle, then you know that market can be ready for a bounce this week if we consider that after every five waves trend will make a change in three legs minimum, no matter what is the structure on a higher time-frame charts. So from a technical perspective, and also from a psychological point of view, when others are turning aggressively bearish on stocks, we suspect that three wave of retracement may show up on stocks, but it may be just another temporary recovery. Divergence on the RSI also indicates a potential turn. We see first support zone here near 2320 while next one stands near 2310.
EURGBP Can See More Upside In the Near-term
March 20 2017As Elliott wave analyst we have to recognize clear patterns very quickly; we know that sharp moves are impulses, while slow are corrections. If we take a look on EURGBP hourly chart then we can clearly say that decline down from 0.8780 region is slow and overlapping, therefore a corrective set-back that is pointing higher. We see it as wave four which normally finds the base near the area of a former wave four, and around 38.2%. This is exactly where markets is at the moment, so technically next reaction can be to the upside, above 0.8800 for wave five, while market is trading above red wave i) swing high. Rise and break above 0.8740 will suggest that we are on the right track with the count.
USD Index Out Of Bearish Channel
February 13 2017
Last week market seen some dollar strength against other currencies, but the move is not that strong yet. However, USD index traveled out of a 30 day downward channel which could finally put the buck back into bullish mode, within a context of a strong uptrend on higher time frame charts. As such, we think that USD could outperform other majors this week, even some commodity currencies such as NZD, while AUD and CAD could actually act quite well if oil and metals will continue to rise.
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EURUSD and USDJPY Intraday Video Feb 07 2017
Bears On S&P500 Can Take Price To 2250
January 30 2016
We are again nominated for 2017 FOREX BEST AWARDS ON FXSTREET. if you like what we do then please vote for us "Best Buy-Side Analysis Contributor" it's Question 3, Answer 4. Thank you very much!
Stocks are moving sharply lower as Trump actions can lead to conflicts between US and some countries. We see market falling back to 2270 very aggressively from 2298 high that was triggered last week, following a completion of a triangle which was a few days earlier. We called that bullish move higher before it happened, but now we should also not be surprised by that turn since we know that trust out of a triangles are final within a higher degree patterns. In other words, we knew that upside is limited as we saw price in wave five, so current reversal lower is start of a deeper corrective set-back. Technically speaking, set-back should be made by minimum three waves lower; an A-B-C structure that can take us back to 2251, then you have 2237 from January 03 gap, and slightly lower is even more important 2228 swing. On the upside keep an eye on wave B which could bounce back to 2288 Sunday, January 29 gap.
S&P500 4h chart
Set Achievable Goals For 2017 & FlashBack Charts
December 23 2016
This will be my final video of the year. I wish you all all the best in 2017!
E-mini S&P500 At Resistance Ahead Of The FED
December 13 2016
If you are familiar with Elliott Wave patterns then you know that chart below suggests a turning point, at least short-term for a new 3-wave pullback. It's very interesting and exciting to see such structure ahead of the most important FED decision of the year.GH
Trade carefully, with lower leverage, or better not to trade at all, especially if you are up on your account for the year; just don't allow yourself to go down on account in last few weeks of the year.
E-mini S&P500 March 2017 contract-1h chart
German Dax Video Analysis
December 06 2016
Below I will walk you through my analysis on German DAX. Actually I will show you my approach to the markets; how I analyze markets and predict next possible leg in combination with trendlines.
Have a good day, Grega!
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