Daily Elliott Wave Analysis 08-19-20 – Narrative cracking.

Good evening everyone. Here is a statement that really hit home with me today. From Sven Heinrich: The same people that called for $SPX 3,400-3,600 year end targets in January and February projecting positive earnings growth for 2020 (before $SPX dropped to 2200) are...

Daily Elliott Wave Analysis 08-18-20 – Crawling to a new high.

Good evening everyone. EURUSD. EURUSD 1hr. EURUSD 4hr. EURUSD daily. Wave (iv) and (v) have taken another step into a larger pattern formation.Mostly because wave (iv) is now labelled as a running flat and todays new high pushes wave (v) towards a larger five wave...

Daily Elliott Wave Analysis 08-17-20 – The BIGGEST short is.

Good evening everyone. A simple chart to start the day. What exists now is one of the biggest short positions ever built in the USD.  The market has simply written off the USD completely by dumping it and buying everything that is not nailed down. We can see this in...