This quick analysis of the daily closure of the major US and Global indices is reserved for the subscribers of the Index Plus package of our service. . . . The update evaluates the most recent moves from the perspectives of technical analysis, candlestick formations, and Elliott Wave. . . . Our weekly and daily […]
This report is part of our Index Plus Pack which provides analytics for Nasdaq, Russell 2000, selected Asian and European Indices, and $EEM ETF. The regular reports focus on analysis of recent technical signals and events, interpretation of candles and candle structures on various frames, and projection of targets using Elliott Wave and Fibonacci theories. […]
Last week NIFTY registered a very major bearish event – the 2-month MACD flipped on the bear side. I ran statistics on these events in the past and obtained concerning results. Let’s have a look. MACD Cross The MACD bearish cross on the 2M frame happened only 5 times over the period of 30 years. […]
The markets in Asian-Pacific region closed for the month, and I would like to offer an overview of their closure from the candles and technical perspectives. Monthly Candles Asian-Pacific closure was bearish. NIFTY is the most bearish with its Three Black Crows. CN, HK and ASX made solid Dark Cloud Cover combos which require confirmations. […]
