Elliott Wave Analysis of Junk Bonds ETF (ticker JNK) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of Junk Bonds ETF (ticker JNK) by Sid from ElliottWavePredictions.com. Click on the charts twice to enlarge. On the weekly chart, after the large 5-wave downward impulse from late 2007 through March 2009, junk bonds recovered (partially) via what appears most likely as a corrective ABC zigzag, culminating at the .707 retracement fib in May 2013. Notice […]
Three Charts Suggesting a Top in US Equities and in Junk Bonds, and the Resumption of a Huge Move Up in the US Dollar (by Sid from ElliottWavePredictions.com)
Three Charts Suggesting a Top in US Equities and in Junk Bonds, and the Resumption of a Huge Move Up in the US Dollar (by Sid from ElliottWavePredictions.com). Click on the charts twice to enlarge. The attached charts show that US equities and Junk bonds are both at trendline resistance after possibly complete terminal patterns, […]
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. Ending diagonals are tricky to count in realtime, and if they continue to chop to new extremes, different diagonal interpretations can emerge. With the S&P moving to new highs this morning, there is now a way to […]
Elliott Wave Analysis of Junk Bonds (JNK) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of Junk Bonds (JNK) by Sid from ElliottWavePredictions.com. Click on the charts twice to enlarge. From a purely technical standpoint, I’ve rarely seen a more compelling intermediate-term short setup than in junk bonds right now. A 5-wave non-overlapping impulse down though March 2009 was followed by a choppy, overlapping, corrective recovery in […]
