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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