» Technical Analysis

READER COMMENT: I have written to you before regarding your comments on volume (“where is the volume?”) which imply that volume “confirms” a move.  To me, like many others, volume no longer means anything, or at least not what it used to mean.  See the recent speech by Andre...

I just received a rare opportunity to offer you free U.S. market analysis from the world’s largest market forecasting firm. I strongly encourage you to consider this offer. Other than the fact that Elliott Wave International has fully-prepared their subscribers to take advantage of the recent...

So traders expected the March 16 low of 1,249 on the SPX to hold today and guess what. It failed as if it never existed. The bottom that fell out of this market is a telling sign of the low volume melt up since QE2 and the lack of buyer conviction. The 1,262 back test of the head and shoulde...

In this video excerpt, Elliott Wave Financial Forecast Editor Steve Hochberg explains one of the most important things to keep in mind when assessing a market, “Extreme opinions, shared widely, constitute the single most reliable indicator of an impending change of direction for a market.&#...

July 28 would have been Ralph N. Elliott’s 140th birthday, so it’s a fitting time to post an excerpt from his essay, “The Basis of the Wave Principle.” There’s nothing like reading for yourself what the discoverer of the Wave Principle wrote about how it works. This ess...

I continue to study the IV skew and wanted to share a few interesting charts showing how well it correlates with the SPX. I prefer to view the skew relative to the vix (referred to as divergence throughout this post) as it appears far more correlated to the SPX versus on its own. For those new to th...

Every year millions of investors continue to have their hard-earned investment gains wiped out by decisions based on hope. And the biggest problems causing this is simply that most investors are not armed with a complete toolbox to make the right decisions, and or worse still – they are payi...

In our ETF Tracker Daily Report, which tracks over 90 index and sector ETFs, there is a section that tracks the status of PMO buy and sell signals for these securities. This section is sorted by signal, with the newest signals listed at the top. These are mechanical signals, but you have to look at ...

The European Banking Authority announced Friday that 8 banks had failed their stress tests and 16 more had narrowly passed. But the results drew much criticism from analysts, who said that the stress test is not strict enough. Indeed, this is something that European Financial Forecast readers have...

Over the past year, the Dow has risen from near 10,000 to around 12,500 today. This recent history makes it easy to think that the 2007-09 declines (when the Dow dropped below 6600) . But don’t fall into that kind of complacent thinking: Your portfolio is still historically overvalued. How ...

Trading using technical indicators — such as the MACD, for example, Moving Average Convergence-Divergence — can do one of two things: help you or hinder you. Using them as a forecasting method alone can be about as predictable as flipping a coin. But when you combine them with other form...

When Ralph Nelson Elliott discovered the Wave Principle nearly 70 years ago, he explained how social (or crowd) behavior trends and reverses in recognizable patterns. You can learn to identify these patterns as they unfold in the financial markets, and use them to help anticipate where prices will g...