Larsen & Toubro Elliott Wave technical analysis Function: Counter Trend (Intermediate degree, orange). Mode: Corrective. Structure: Impulse, within larger degree Wave (A). Position: Minor Wave 3 Grey. Details: Minor Wave 3 Grey is now progressing lower against 3930. Invalidation point: 3930. Larsen & Toubro daily chart technical analysis and potential Elliott Wave counts: Larsen & Toubro daily chart […]
The VanEck Semiconductor ETF (SMH) is an exchange-traded fund that tracks a market-cap weighted index composed of 25 of the largest U.S.-listed semiconductor companies. The top holdings of SMH include companies like NVIDIA, Taiwan Semiconductor Manufacturing, Broadcom Inc., Texas Instruments, QUALCOMM, ASML Holding N.V., Applied Materials, Inc., Lam Research Corporation, Micron Technology, Inc., and Advanced Micro Devices, Inc. SMH four-hour chart May 23th In May, we showed how SMH […]
GBP/USD Forecast: Pound Sterling poised for further downside GBP/USD stays under modest bearish pressure in the European session on Tuesday and retreats toward 1.3100. The technical outlook suggests that sellers retain control as focus shifts to August ISM Manufacturing PMI data from the US. GBP/USD closed the first day of the week virtually unchanged as […]
The NASDAQ 100 (NDX), SP500 (SPX), and major tech stocks like Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL), and Bitcoin (BTC) are firmly in a bullish cycle, currently in wave (1) of 5. As markets progress through wave (1), we’ve surpassed the midpoint, reaching wave […]
Short term Elliott Wave view in S&P 500 E-Mini Futures (ES) suggests rally from 5.2.2024 low is in progress as a 5 waves impulse. Up from 5.2.2024 low, wave ((i)) ended at 5368.25 and dips in wave ((ii)) ended at 5205.50. The Index has extended higher again from there. Up from wave ((ii)), wave (i) […]
Short term Elliott Wave in Netflix (NFLX) shows incomplete bullish sequence from 4.22.2024 low favoring further upside. Rally from 4.22.2024 low is unfolding as an impulse Elliott Wave structure. Up from there, wave (1) ended at 664.25 and pullback in wave (2) ended at 626.44. The stock extended higher in wave (3) with internal subdivision […]
Share: Silver Price licks its wounds after falling the most since mid-June. Nearly oversold RSI conditions join recently firmer MACD signals to prod XAG/USD bears. 200-SMA holds the gate for Silver buyer’s entry, previous support line from late June guards immediate recovery. Silver bears need validation from $22.00 to challenge yearly low marked […]
Share: Silver Price struggles to extend 200-DMA breakdown as ascending trend line from early March prod sellers. Below-50.0 RSI adds strength to downside barriers ahead of directing XAG/USD price toward June’s low. Silver buyers have a bumpy road to travel on their return despite crossing jumping back beyond 200-DMA. Silver Price (XAG/USD) remains […]
Share: S&P 500 added 0.69% last week but closed well off intra-week high. Last week set up a bearish evening star doji pattern on the S&P 500 daily chart. Nearly one-third of the S&P 500 reports earnings this week. FOMC meeting on Wednesday will end with decision on fed funds rate. Microsoft, Meta […]
