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QQQ appears to have started a correction. Why do I think so? QQQ closed below the 20 day moving average QQQ closed below the trend line on a relatively higher volume MACD cross-over and MACD histogram displaying bearish momentum Huge bearish divergence A lot of room to move down PS: This analysis is just for educational purposes and is not a...

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The price is expected to reach the wave B target on time. Click the following link to view the original post: PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.

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Even I didn't think that this was the most likely scenario, but it appears to be happening now. Click the following link and see how it has played out so far! Even the date of the top of wave B is likely to be the same as displayed in the chart. Magic?!

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DXY has been moving up in the fifth wave since I published the following post in September 2018. It hasn't followed the Elliott wave count exactly, but has tended to respect the channel except a break below the channel in Wave 2. Most recently, it found support in wave (ii) of the third wave on the bottom of the channel. Incidentally, it is also a 61.8%...

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This is not my main count but I think it is possible as the market tries to fool everyone. This trajectory would mean that everyone would be onboard the train when it crashes again to start Wave C and thus the big whales would be able to suck blood from both bulls and bears.

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NASDAQ appears to be completing the last leg of the five wave pattern and is likely to peak around 9700 - 9800 if this wave count is correct. After this, the ABC correction could correct the index to 7800. Calculation of targets: Wave 5 target 1: 0.618 of the height of waves 1 and 3 combined = 9690. Wave 5 target 2: Wave 5 height could be equal to that of...

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S&P 200 appears to be in a corrective ABC pattern. It has completed Waves A and B is currently moving upwards in Wave C. It has also completed four waves of Wave C and could move up next week to complete the fifth of the C wave around 6030. Calculation of the target Wave (v) could be equal in length to wave (i) or Wave C could be 0.613 times the length of Wave...

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S&P appears to be in a WXY correction in wave b (or 2) and could move sideways while the Covid-19 situation in the US peaks/resolves. It is facing resistance from the monthly support line (purple) and is most likely to come down to 61.8% fib level before moving up either in wave C or 3. PS: This analysis is just for educational purposes and is not a...

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After dropping very fast in wave A, the stock market has retraced in wave B and now appears to be ready to move in wave C of the ABC correction. Where would the correction end? Well, there are a few areas worth noting: - Top rectangle: In this area wave c will be equal to wave a; 50 week moving average and the bottom of the log channel could act as support; and...

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Please see my previous idea from July 2018 copied below. It appears that RUT followed this pattern exactly and may be now be declining in Wave C. Load new bars and enjoy! However, the wave count on a lower timescale shown above indicates that RUT may just be in wave 4 and could move up in wave 5 before declining in Wave C, of course, if this wave count is...

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Load new bars to see the magic! I have updated the potential length of wave C based on the length of wave A. It could either be the same length as A or 1.618 times the length of A, gaining support at 100 month sma or 200 month sma.

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NASDAQ now appears to be in the fourth wave as predicted in the post below. This is what I had said: "...the second fourth wave could start in two weeks (between 17-24 February) from around 9700." What's next? The fourth wave can take a number of shapes but if it is a just an ABC correction, then wave A may already be complete and we could move up in wave B...

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The second fourth wave could start in the next or the following week as indicated in the following post. PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.

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Russell 2000 is moving up as predicted in the post below. It appears that there is another week of upside to complete Wave 5 around 1750 after which there are two possibilities: - Russell 2000 would have completed Wave B started in December 2018 at around 1750 and will then drop big in Wave C down to 1280 (as shown below). - Russell is in an uptrend and the...

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As discussed for S&P 500 (see below), I am expecting a series of fourth waves in NASDAQ 100. The first of these fourth waves is likely complete and the second fourth wave could start in two weeks (between 17-24 February) from around 9700. I am expecting an uptrend from mid-March to mid-May taking NASDAQ to above 10000 after which the the third fourth wave could...

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Looks like that there will be high volatility from February to September 2020 due to a series of fourth Elliott waves but it appears that S&P will cross the 4000 mark in early 2021 in the fifth wave. PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.

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RUSSELL 2000 INDEX turned down exactly from the zone predicted by the Elliott wave. Check out by loading new bars in the idea shared below! I have updated the target zone of the second wave in the chart above. It is now likely to terminate around 1400. I expect a strong third wave to start from this zone if this wave pattern is correct. An alternate wave pattern...

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After the historic sell off in December, RUT has completed four waves and is moving up in the fifth wave suggesting that it is a bullish move to the upside. RUT has also completed four of the five sub-waves of the fifth wave and just needs to complete the fifth sub-wave to complete the five wave structure. This is likely to be completed between 1550 and 1590 based...