Elliott Wave Forecast: Johnson & Johnson (JNJ) Stocks Expert Analysis

Johnson & Johnson (JNJ) Stocks Expert AnalysisJohnson & Johnson (JNJ) is an American multinational corporation founded in 1886 that develops medical devices, pharmaceuticals, and consumer packaged goods. Its common stock is a component of the Dow Jones Industrial Average, and the company is ranked No. 36 on the 2021 Fortune 500 list of the largest United States corporations by total revenue. Johnson & Johnson is one of the world’s most valuable companies and is one of only two U.S.-based companies that has a prime credit rating of AAA, higher than that of the United States government.

Elliott Wave View: Microsoft (MSFT) Shows 5 Waves Down

Elliott Wave Analysis: Dollar Index (DXY) Remains BullishShort Term Elliott Wave View in Microsoft (MSFT) suggests rally to 294.22 ended wave ((W)). Wave ((X)) pullback is in progress to correct cycle from 14 June 2022 low before it resumes higher again. Internal subdivision of wave ((X)) is unfolding as a zigzag Elliott Wave structure. Down from wave ((W)), wave 1 ended at 290.41 and rally in wave 2 ended at 294.07. The stock then continues lower in an extended wave 3 towards 276.20.

Elliott Wave View: $SPX (S&P 500) 5 Waves Rally Looks Incomplete

Elliott Wave Analysis: Dollar Index (DXY) Remains Bullish Short Term Elliott Wave View in S&P 500 (SPX) suggests the rally from 6.17.2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 6.17.2022 low, wave 1 ended at 3925.75 and pullback in wave 2 ended at 3729.97. Up from there, wave 3 is in progress as another 5 waves in lesser degree. Up from wave 2, wave ((i)) ended at 4002.86 and dips in wave ((ii)) ended at 3910.74.

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