Indices Analysis

Video: US Indices

16 January 2019

Video: Euro Indices

16 January 2019

Video: Asian Indices

16 January 2019

Charts: SP500
INTRADAY   I   4HOUR   I   DAILY   I   WEEKLY

Intraday

S&P500 30 Minute Chart
Tuesday, 15 January 2019 at 11:43:00PM AEST

S&P500, we are observing a correction in wave (4) that can be either a running triangle or a flat pattern, while it's trading above 2520 invalidation area!

4 Hour

S&P500 4 Hour Chart
Wednesday, 16 January 2019 at 6:29:00PM AEST

No change.
On the S&P500 we labelled an impulse in the making, up from 2322 level, which can now be developing its final wave 5). We can see wave 4) finished at the 2566 level, from where a minor five-wave rally can now follow. A temporary top and resistance for wave 5) can later be seen near the Fibonacci projection zone of 261.8, from where a three-wave retracement may start to take form.

 

No change.
On the S&P500 we labelled an impulse in the making, up from 2322 level, which can now be developing its final wave 5). We can see wave 4) finished at the 2566 level, from where a minor five-wave rally can now follow. A temporary top and resistance for wave 5) can later be seen near the Fibonacci projection zone of 261.8, from where a three-wave retracement may start to take form.

 

Daily

S&P500 Daily Chart
13 January 2019

S&P500 has recently been unfolding a three-wave correction, which we labeled as wave IV) of a bigger, bullish cycle. That said, we now see price slowly and steadily turning to the upside, from the 2300 region, giving us an idea that maybe this corrective pullback has already finished. In such case, more upside may follow, however only a break above the 2686 would give confirmation for a bullish continuation.

Monthly

S&P500 Monthly Chart
02 January 2019

- stock is unfolding a big, bullish, five-wave development

US stock market bull run slowed down in 2018, which is totally fine as index made five sub-waves up from 1810 area so market is in a pullback mode. We are looking at a sharp wave IV) which may look for a base at one of the channel trendlines. Nice support is at 2300-2400 area.

Charts: DAX
INTRADAY   I   4HOUR   I   DAILY   I   WEEKLY

Intraday

DAX 1 Hour Chart
Wednesday, 16 January 2019 at 6:44:00PM AEST

DAX is still sideways, but more and more looks like a bullish triangle in wave iv), so be aware of a break higher into new highs for wave v) towards 11100-11200 area, which also confirms more weakness on EURUSD.

 

4 Hour

German Dax 4 Hour Chart
Wednesday, 16 January 2019 at 6:33:00PM AEST

German dax unfolded an EW ending diagonal within wave 5) as part of a bigger, bearish trend, which seems to have found a low at the 10280 level, from where a nice rally is now developing. This rally can be labelled as wave 1, first wave of a bigger upcoming cycle that is expected to unravel five minor legs and can look for resistance and a temporary top near the 11070 area(area of Fibonacci projection zone of 200.0). That said, at the moment we see price unfolding a possible triangle correction within sub-wave iv of 1.

 

Daily

DAX Daily Chart
13 January 2019

German DAX has been trading in a bigger corrective wave IV through 2018. We can now see price slowly turning higher from the 10273 level, which gives us first signs of a completed wave C, and that a new recovery in three waves is in play. That said, be aware of temporary pullbacks.

 

Weekly

DAX Monthly Chart
02 January 2019

- sub-wave IV) of a bigger impulse in progress

DAX is in a big pullback from 2018 highs which for now can be just another corrective set-back, similar like each previous retracement within uptrend from 2003. So rather then turning bearish here, we think it may be time to keep an eye on evidence of a bounce, especially once price comes back to 10000 area, which is also a psychological area. Ideally market will turn up into a fifth wave from there.

Video: Elliott Wave Basic Pattern Structure

ANALYSIS + TRADES

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Video: US Indices

9 January 2019

Video: Euro Indices

4 Hour

German Dax 4 Hour Chart
Tuesday, 8 January 2019 at 6:32:00PM AEST

German dax unfolded an EW ending diagonal within wave five as part of a bigger, bearish trend. We can see that price seems to have found a low at the 10280 level, from where a nice rally is now developing. This rally can be part of a minimal three-wave recovery, which can take price above the 10987 bullish level.

Video: Asian Indices

4 Hour

German Dax 4 Hour Chart
Tuesday, 8 January 2019 at 6:32:00PM AEST

German dax unfolded an EW ending diagonal within wave five as part of a bigger, bearish trend. We can see that price seems to have found a low at the 10280 level, from where a nice rally is now developing. This rally can be part of a minimal three-wave recovery, which can take price above the 10987 bullish level.

Charts: SP500

4 Hour

German Dax 4 Hour Chart
Tuesday, 8 January 2019 at 6:32:00PM AEST

German dax unfolded an EW ending diagonal within wave five as part of a bigger, bearish trend. We can see that price seems to have found a low at the 10280 level, from where a nice rally is now developing. This rally can be part of a minimal three-wave recovery, which can take price above the 10987 bullish level.

Charts: DAX

4 Hour

German Dax 4 Hour Chart
Tuesday, 8 January 2019 at 6:32:00PM AEST

German dax unfolded an EW ending diagonal within wave five as part of a bigger, bearish trend. We can see that price seems to have found a low at the 10280 level, from where a nice rally is now developing. This rally can be part of a minimal three-wave recovery, which can take price above the 10987 bullish level.

Video: Elliott Wave Basic Pattern Structure

4 Hour

German Dax 4 Hour Chart
Tuesday, 8 January 2019 at 6:32:00PM AEST

German dax unfolded an EW ending diagonal within wave five as part of a bigger, bearish trend. We can see that price seems to have found a low at the 10280 level, from where a nice rally is now developing. This rally can be part of a minimal three-wave recovery, which can take price above the 10987 bullish level.