S&P500 cash market gapped
lower in this week, exactly after prices tested 1560-1570 resistance area for
wave (iii) as highlighted several times to our members last week. As such, latest
retracement should be wave (iv), which made three sub-waves down and found a
support at very typical 38.2% Fibonacci support level compared to wave (iii).
With that said, larger trend remains up as we need one leg up to complete a
five wave rally from 1485 Feb 26 low. Ideally market is now trading higher in
wave (v) headed through 1558 high which will open the door for a push up to
1578 projection, where wave (v) equals to wave (i).
USDCHF Technical Analysis - Sell at 0.9955
USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...
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Sell Gold (Intraday) at 1680-1682 For 1672-1665. Stop Loss above 1686.
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Elliott Wave Outlook For EURUSD and GBPUSD EURUSD EURUSD finally broke to the upside which was expected after few days of a sideways...
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Our pivot point is at 3.47. Our preference: as long as 3.47 is support look for 4.22. Alternative scenario: the downside breakout of 3....
