Elliott Wave Analysis of Yum China Holdings (YUMC)

There is not a lot of price action we can use, so this is a very speculative idea, but whilst this stock remains above 23.78 it has a potential bullish setup if the current decline from the Jan 2018 highs remains as a corrective decline as...Read More »

Elliott Wave Analysis of the NDX

Has the NDX topped?

With the strong downside and weekly bar reversal, there is a strong suggestion that the NDX has potentially put in a meaningful peak. I can make the case, not only has it ended the advance from the April 2018 lows, its also possible...Read More »

Elliott Wave Analysis of SPY (SPDR S&P 500 ETF)

The choppy downside from the recent highs at 281.18 maybe arguing for a triangle for wave [iv], initially when I was looking for a dip for wave [iv], I expected it to be a deeper move towards 277.00, although the QQQs dipped lower for its wave...Read More »

Elliott Wave Analysis of NQ (E-mini Futures)

With the new high on the RSI the current wave structure appears to be a make the case its likely the end to a 3rd wave of an impulse wave from 6954. So the preferred idea is to see a pullback for wave [v] as shown,...Read More »

Elliott Wave Analysis of Chipotle Mexican Grill (CMG)

The upside above 460.00 is further supporting the idea of a move to new highs for wave 5 and complete an impulse wave from the Feb 2017 lows, barring a more complex pattern such as a triangle for wave 4, then continue to target new highs...Read More »

Elliott Wave Analysis of Ferrari (RACE)

Has this finally ran out of gas?? The recent set of gyrations appear as a bearish rising wedge, Elliott Wave calls this an ending diagonal. Looking at the prior gyrations I can make a strong case that the high into the Jun highs was the end...Read More »

Elliott Wave Analysis of Tesla (TSLA)

The short term gyrations from the April lows can be counted as either a completed zigzag (my favored idea), or possibly part of an impulse wave (5 wave advance), so the current pullback is a 4th wave and it will see new highs. If it remains below...Read More »

Elliott Wave of Alibaba (BABA)

Counting the move from the 2015 lows, there are enough gyrations to count the advance as a completed impulse wave (5 wave advance). A strong reversal back below 190.00 is needed to support further weakness and suggest wave [5] has ended.

If you own this stock be...Read More »

Elliott Wave Analysis of Johnson Outdoors (JOUT)

Counting the advance from the 2016 lows (US markets put in a low in 2016) the move can be counted as a clean looking impulse wave (5 wave advance). So I suspect its closing on a peak for wave [5], it needs a strong reversal back...Read More »

Elliott Wave Analysis of NDX

Counting the move from the lows at 6425, the new high on the NDX can now be counted as a possible completed impulse wave. However we want to be a little cautious as I am also tracking another, more bullish idea that can support further upside...Read More »