Indices

General overview for 27/06/2016: The corrective structure of wave C is getting now clearer as it was before. The market is moving below the 55,100 and 200 DMA and even recently it gapped down to the level of 9400 points. This gap will be a very important technical resistance for Dowiedz się więcej…

General overview for 17/02/2017: Multi-Year view according to Elliott wave principle: From 1968 the Hang Seng Index is in bullish cycle, where the wave III of the cycle had been done. Since 2008 the index is in corrective structure that can develops into two possible formations: – ABC red  – Dowiedz się więcej…

General overview for 26/01/2016: The recent price movement on DAX looks corrective as many overlapping sub-waves are present on H4 time frame. The best labeling for the current structure is a form of a corrective (a)(b)(c) pattern that might be a part of the wave B. In that case there Dowiedz się więcej…

General overview for 14/12/2015:  The Polish WIG 20 index is in a free fall in wave C  that hasn’t been completed yet. This wave C is a part of a corrective cycle ABC in the wave 2 of the higher degree. When the corrective cycle is completed, the next upward Dowiedz się więcej…

General and macro overview for 23/11/2015: Thursday’s  report provided the number of initial jobless claims in the US, which continued to hover near the lowest level in the fourth decades. Initial claims dropped by 5,000 to a seasonally adjusted 271,000 , while market participants expected a number of 272,000. Claims Dowiedz się więcej…

General overview for 19/11/2015: There is still much confusion on lower time frames and one of my counts still points out a possible new all time high on this index. Nevertheless, the current wave progression on lower time frame looks like a typical five waves impulsive structure that is almost Dowiedz się więcej…