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FTSE Elliott Wave Analysis: Started Another Extension LowerHello Traders, FTSE short-term Elliott Wave view suggests that the rally to 7790.17 high ended blue wave (X) bounce. Down from there, blue wave (Y) remains in progress with instrument showing a lower low sequence. The internals of that leg lower is taking place as double correction lower due to overlapping price action happening from 7790.17 high thus suggesting that the decline is unfolding in 3 waves corrective sequence. Down from 7790.17 high, the initial move to 7477.05 low ended red wave W of (Y). The internals of that lesser degree decline unfolded as a Zigzag structure where black wave ((a)) ended in 5 waves at 7614.48 low. Then the bounce to 7665.24 high ended black wave ((b)) bounce. And decline to 7477.05 low ended black wave ((c)) of W in another 5 waves structure. Up from there, the bounce higher to 7639.13 high ended red wave X of (Y). The internals of that bounce unfolded as double three structure where black wave ((w)) ended at 7616.15 high. Black wave ((x)) ended at 7531.24 low and black wave ((y)) of red X ended at 7639.13 high. Down from there, the index has made a new low confirming that red wave Y of (Y) has started and looking for extension lower towards 7323.99-7250.04, which is 100%-123.6% Fibonacci extension area of red W-X. Near-term, while bounces stay below 7639.13 high expect index to extend lower. We don’t like selling it.
TVC:UKXShort
by Elliottwave-Forecast
Nailed Last Drop, Here is Next S&P 500 TopI am back with another Elliott Wave Forecast on the S&P 500 Index . After detailed research and analysis, I identified the recent bottom, which occurred today, ahead of time. I have identified the next top. I have identified 3 colored polygons. The green zone will most likely contain the top, but the yellow polygon is also possible. The red zone is unlikely, but anything is possible. I entered long positions today and plan to sell once the green zone is hit. The key levels of interest are: 3070.31 2976.31 2973.51 2960.05 2947.87 2946.10 2943.41 2934.89 2931.95 2931.43 The tight grouping of levels between 2931.43 and 2947.87 make this the most likely zone. I have also identified a trend line of resistance. This will most likely dictate the top based on timing. The top should occur between 11:15 Eastern time on September 10 and 14:00 on September 10. The full analysis and complete article will be posted tonight or tomorrow morning on ElliottWaveIdeas.com
SP:SPXLong
by StockSignaler
2
GER30 (DAX / GRXEUR) - I called all the tops and all the bottomsAllow me to properly introduce myself! My name is Richard and I am self taught trader, heading for the top. I have been working hard to predict big swings on GER30 ( DAX / GRXEUR). This article is just an example on what I'm capable of. My analysis is spot on most of the times. I get off track sometimes but I always manage to grab the Market's pulse when a shift occurs. Here's some of my previous work on this Index: (just hit the PLAY button and see how my views unfolded) May 12 2017: I called the 1000 points drop on DAX. GER30-DAX - SELL Set-Ups - Stock Exchange Crash July 26 2017: I called the 1700 points rise on DAX. DAX30 – Stock Exchange Crash – Full Cycle October 18 2017: I called the start of the BIG Market Contraction on DAX. GER30 (DAX) - Full Elliott Wave Cycle & Wave Count January 9 2018: I called the 1700 points drop on DAX. (see previous updates & screen-shots) snapshot: March 2 2018: I called the 1350 points rise on DAX. DAX - False Break-Out - Bullish Correction before Deep Bear Claw June 12 2018: I called the 950 points drop on DAX. DAX30 - Quarterly Report August 6 2018: I called the big drop which started and is still developing. Part 13 - Risk-off August - DAX30 Daily The Bearish Corrective Cycle has not finished yet, more down-side to come. Cycle Wave V (green) will follow and the bull Market will resume for the last time. After the Super-Cycle (black) sequence will finish, so will the Grand Super-Cycle reach its top. Market Crash will be epic. You don't know me yet, but I will be a legend! If you hit the like button, thank you! Many pips ahead!
FOREXCOM:GER40
by EW4X
6
Could Near-Term S&P 500 Bottom Be In?The S&P 500 Index dropped as projected in my August 29, 2018 article. However, the full projected drop has not been achieved. This could be okay, because the projection did not have the bottom occurring until the day after Labor Day, September 4, 2018. The movement over the previous two days has been interesting and my original analysis has reached a fork in the road. My newest article explores where the index is likely to travel on September 4, 2018. As well as analysis for upward and downward movement. The chart above details if minute wave 4 had been completed. The chart below details if my original projection is still a possibility There are a few reasons this is the most likely path. During the course of intermediate wave 3 which began at the end of June 2018, minuette waves have had a particular duration. The second path (the over-arching chart at the top) has minuette wave C completed in the shortest duration, 60 minutes. Also, minuette wave C is the only wave that failed to meet the prior minimum and median duration. To be fair, a new minimum is not unheard of, but its length compared to the other waves is troubling. Lastly, wave C cannot be shorter than waves A or E. This has occurred per path two’s wave analysis. While these are all reasons the correction and short-term bottom has not occurred, the latter reason is the most telling. The full analysis is available at ElliottWaveIdeas.com No matter what, the market will begin another tick up this week and month before the next correction arrives at the end of the month.
SP:SPXLong
by StockSignaler
S&P 500 Index Set To Cool Down For Labor DayBased on derivative analysis. I am projecting Minute wave 3 just completed and we have entered the corrective wave 4. The wave should end over the next 2.5 trading days. I project the bottom will occur within the first 2.5 hours on September 4, 2018. The bottom should also occur between 2870.91-2886.50. All of these targets are based off of the moves that have occurred over the course of Intermediate wave 3. This wave began at the end of June. My projection is wrong if the index breaks above the recent record high of 2916.50 before the end of trading on Friday August 31. If this occurs, We are still in Minute wave 3 (and that top is most likely about to occur). I am closely monitoring the index. Intermediate wave 3 will end in September, most likely near the end of the month. Intermediate wave 4 should end no later than the second week in October. The final wave and major market top for now should occur within the first two weeks of November and potentially a result of something below. When the US markets fall, I would attribute it to US election results (perception of potential impeachment attempts), failure to reach trade deal with China, a major geopolitical conflict/war, North Korea issues, or failed passage of the already agreed upon trade deals with the EU, Mexico, or Canada.
SP:SPXShort
by StockSignaler
1
SPX set to make new record high above 2900 this monthThe S&P 500 is finally ready to break out and achieve record closes once again. I have identified the zone before the next pullback. The next near-term top should occur by August 23 above 2900. The green box is my starting zone for the top. The black bordered polygon will most likely contain the top. There is strong resistance in this polygon. A short drop should occur after this top before another burst well above 2925 by mid-September. What are the real-world scenarios to likely drive this quick move up? My guess is a trade deal between the US and at least Mexico, possibly Mexico, Canada, EU, and/or China. I still have the actual market top on pace for November 2018. This top should be above 3000, but might not make it to 3100. More to follow.
SP:SPX
by StockSignaler
3
Looking For Bottom of Minor Wave 2 Before High Ride; SPXWe could still see a drop for 3 more days before blasting off toward 2900. We are just starting minuette wave 3 with two more waves to go. Expect lower markets today below 2800. A bump above 2800 but most likely below 2808 late today or early tomorrow and our bottom will most likely occur early Monday morning. We should find the ultimate bottom below 2780-2790. I anticipate a lower open on Monday morning with a rise throughout the day. We could be viewing the final threats of the trade war, before some sort of positive deal is reached early next week. This could be very interesting. Bring on the end of the bull market!
SP:SPXShort
by StockSignaler
1
Hold On To That Bull Market, Buck Off AheadThis is our projection for the end of the bull run. Further analysis can be found on our sites. Upcoming events impacting drops are US government shutdown. It would occur on a Monday if it happens. Usually lasts 2-5 days. Expect this to be a down week (Intermediate Wave 4 on chart). US midterm elections. The shakeup possible to rattle stocks is democrat control in House and/or Senate. The election alone could be seen as rougher waters in Washington leading to contentious new laws or lack of law passage. As my projection sits now, this event occurs around the same time I see the market top and end of Supercycle wave 3, Cycle wave 5, Primary wave 5, and Intermediate wave 5. Time will tell...
SP:SPX
by StockSignaler