DXY Bulls Should Worry as Bearish Evidence Abounds

The bulls have been in control of DXY during most of 2018 and gradually conquered more land in the first months of 2019, as well. The USD index recovered from its February 2018 low of 88.25 to as high as 98.33 last month. The bulls can really be proud with the total gain of over…

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NASDAQ Bulls’ Resiliency has its Limitations

The NASDAQ 100 index closed at a new all-time high of 7826 last week, powered by strong Q1 earnings reports by Amazon and Microsoft, among others. The index is up by 650% from its 2009 low and by 884% since the bottom of the dot-com crash in October 2002. Looking at than phenomenal growth, one…

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Nifty 50 to Fall Below 10 000 Level Again?

It has been almost five months since our last update on the Indian Nifty 50 index. On September 25th, the benchmark was trading around 11 000, following a pullback from the all-time high of 11 760. Still, the Elliott Wave analysis below suggested it was too early to buy the dip. The daily chart of…

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A Special Letter about the State of the Stock Market

Dear Fellow Elliotticians Most major stock markets have been in a bull market for almost a decade. Unfortunately, after last week’s selloff it is now evident that this bull market is over. The S&P 500 is down 17.8% from its all-time high reached three months ago, despite a still strong economy and relatively low interest…

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SPX Was Recovering… And Then it Wasn’t

The S&P 500 fell to an intraday low of 2583 yesterday, bringing its total decline to 12.1% from the top at 2941 in September. In Wall Street’s dictionary, a pullback of more than 10% is officially a correction and many are already worried about the big bear market ahead. On the other hand, it was…

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S&P 500 Rallying Sharply, but Not Unexpectedly

S&P 500 bulls had a terrible October. The index was down 11% at one point, but managed to minimize the damage and finished the month down 7.3%. November, on the other hand, is looking a lot better, following a recovery of almost 100 points in the first seven days. President Trump’s reported request for a…

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DJ New Zealand Index Falling Off a Cliff

October brought a real bloodbath to stock markets around the world. The Dow Jones Industrial Average and the S&P 500 just turned negative for the year and equities in Japan, China and Germany are also falling in sympathy. While leading indices are plunging it’s no wonder that other countries’ benchmarks are suffering as well. The…

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Amsterdam Stock Exchange Index to Lose 20%

Similarly to the Dow Jones Industrial and the S&P 500, the Amsterdam stock exchange index, or AEX, has been in a uptrend since the end of the Financial crisis. Its journey to the north started from 195 in March 2009 and went on to almost 577 in July 2018. As of this writing, the Dutch…

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DAX Set to Lose Another 2000, Elliott Wave Suggests

The German DAX climbed to an all-time high of 13 597 in late-January. The benchmark had just exceeded the previous record of 12 391 set in April 2015 and the bulls were already bracing for even higher highs in the near future. Alas, it was not meant to be. As of this writing, the German…

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Dow Jones: Has the Crash Begun? Maybe

Historically speaking, October is one of the good months to be invested in the American stock market. According to Business Insider U.S. equities have mostly ended this month in positive territory, averaging 0.4% gain in the month of October since 1929. Not this October, though, and not for the Dow Jones Industrial. Excluding dividends, the…

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SPX: Do Not Miss the Forest for a Tree (Like We Did)

We show you how nailing the big picture is still not enough if you lose yourself in irrelevant details The SPX plunged 95 points or 3.3% yesterday. In this article we will tell you about a mistake we made, namely missing the forest for the trees, so you do not make it yourself next time.…

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Nifty 50 Bulls Unable to Stop the Bleeding

We published our last update on the Indian Nifty 50 almost four months ago, on June 6th, when the benchmark index was hovering around 10 550. Despite the recent selloff from 11 172 to 9 952, the Elliott Wave outlook was still positive. With the help of the chart below, we concluded the index is…

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Dollar Index Corrective Decline Far From Over

The U.S. dollar index fell less than two pips short of the 97.00 mark on August 15th. 96.98 was the best the bulls managed to achieve before the bears showed up to drag DXY to as low as 94.69 so far. On the other hand, the USD index has been steadily advancing since mid-February, when…

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Dow Jones at Risk of Losing 2000 Points

It has been almost four months since the last time we examined the Dow Jones Industrial Average on March 29th. The benchmark index was still unable to recover from the sharp plunge to 23 360 in February. And while many hurried to declare the death of the post-2009 bull market, we instead decided to take…

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Greece is Better and Elliott Wave Confirms It

History was made last week, when Greece and its euro zone partners made a deal on the country’s debt. Under the agreement, Greece has been granted a 10-year debt maturity extension and will not have to make any debt payments until 2032. While both sides see the deal as a win, some think it simply…

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