Elliott Wave Forecast: QQQ Shows Bearish Sequence from 2021 Peak

Elliott Wave Forecast: QQQ Shows Bearish Sequence from 2021 PeakThe series of rate hikes by the Fed has provided a challenge for the World Indices. World Indices continue to make a series of lower low since they formed the peak in 2021. One of the popular vehicles to trade Indices is QQQ. Invesco QQQ is an exchange-traded fund (ETF) that tracks the Nasdaq-100 Index™. The Index includes the 100 largest non-financial companies listed on the Nasdaq based on market cap. Below we will take a look at the Daily Elliott Wave chart for QQQ which favors further downside overall.

Elliott Wave Forecast: Nasdaq Looking to do 7 Swing Rally

Elliott Wave Forecast: Nasdaq Looking to do 7 Swing RallyShort term Elliott Wave view on Nasdaq (NQ) shows an incomplete bearish sequence from 11.22.2021 high favoring further downside in the higher time frame. Near term, cycle from 8.16.2022 high has ended and the Index is now rallying to correct this cycle in 3, 7, or 11 swing before the decline resumes. Down from 8.16.2022 high, wave (A) has ended at 10485.39 as the 45 minutes chart below shows.

S&P/TSX Index Price Online | TSX Indices Futures Chart

S&P/TSX Index Price Online | TSX Indices Futures ChartOnline price for the S&P/TSX Composite stock index futures on the Toronto Stock Exchange (TSX). Index composition, trading time and its features, adaptive online price chart. The S&P/TSX Composite Index is called the Canadian analogue of the American S&P 500 index. It is the largest Canadian stock index, and investors working with the Canadian stock market are guided by it. The S&P/TSX Composite is a stock index based on over 200 companies that account for more than 70% of the capitalization on the Toronto Stock Exchange (TSX), administered by S&P Dow Jones Indices, a subsidiary of Standard & Poor's.

Elliott Wave Forecast: Bank of America ($BAC) Perfect Reaction Lower from Blue Box Area

Elliott Wave Forecast: Bank of America ($BAC) Perfect Reaction Lower from Blue Box AreaGood day Traders and Investors. In today’s article, we will look at the past performance of 4 Hour Elliottwave chart of Bank of America ($BAC). The decline from 08.16.2022 high is unfolding as a 5 swings and made a lower low on 10.13.2022 which created a bearish sequence in the 4H timeframe. Therefore, we knew that the structure in $BAC is incomplete to the downside & should see more weakness in 3 or 7 swings against 08.16.2022 peak. So, we advised members to sell the bounces in 3, 7, or 11 swings at the blue box area. We will explain the structure & forecast below:

Elliott Wave Forecast: BIST (XU100) May Drop at Any Time To Test Wave ((4)) Again

Elliott Wave Forecast: BIST (XU100) May Drop at Any Time To Test Wave ((4)) AgainThe Borsa İstanbul (BIST or XU100) is the sole exchange entity of Turkey combining the former Istanbul Stock Exchange (ISE), the Istanbul Gold Exchange and the Derivatives Exchange of Turkey under one umbrella. It was established as an incorporated company with a founding capital of ₺423,234,000 (approx. US$240 million) on 2013 and began to operate on April 5, 2013. Its logo is the traditional Ottoman mark for Istanbul, the tulip. Its slogan is worth investing.

Elliott Wave Forecast: Eramet ($ERA) Stock Provides an Opportunity Joining Big Rally

Elliott Wave Forecast: Eramet ($ERA) Stock Provides an Opportunity Joining Big RallyEramet is a French multinational mining and metallurgy company. The company produces non-ferrous metals and derivatives, nickel alloys and superalloys, as well as high-performance special steels. Founded in 1880 with the funding of the Rothschild family and headquartered in Paris, today, the company is largely owned by Duval family and the French state. Eramet is a part of CAC Mid 60 index and can be traded under the ticket $ERA at Euronext Paris.

Nikkei 225 Index Price Online | NI225 Indices Futures Chart

Nikkei 225 Index Price Online | NI225 Indices Futures ChartReview of the Japanese stock index Nikkei 225 - online Nikkei 225 futures rate chart, calculation features and formulas, index composition, trading hours, price forecast, technical and fundamental analysis and index funds. Online chart of the Nikkei 225 index, quotes change in real time. Indicators and tools for graphical analysis make it easier to predict the future behavior of the index. Nikkei 225 (or sometimes Japan 225) is one of Japan's major stock indexes, its quotes are influenced by the value of securities of the 225 largest Japanese companies listed on the TSE (Tokyo Stock Exchange). It is focused on the real sector of the economy, and due to the peculiarity of the calculation methodology, Nikkei 225 is called the Nikkei Stock Average.

Elliott Wave Forecast: Gold (XAUUSD) Could Shine A Bit In Coming Days

Elliott Wave Forecast: Gold (XAUUSD) Could Shine A Bit In Coming DaysShort term Elliott Wave view on Gold (XAUUSD) continued with bearish momentum from 10.04.2022 high calling for further downside. Decline from 10.04.2022 high is unfolding in 3 waves to complete a double correction. Down from 10.04.2022 high, wave (i) ended at 1700.00 and rally in wave (ii) ended at 1725.78. Then XAUUSD resumes the drop as wave (iii). Internal subdivision has 5 waves in lesser degree. The 60 minutes chart below shows the internal subdivision of wave (iii).

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