Thank You New Email Subscribers! Here’s More Info About Our Paid Subscription Coverage
Thank you for signing up for Elliott Wave Plus emails! We try to keep subscribers up to date on what’s going on here at ElliottWavePlus.com without flooding your inbox. Today we would like to show you an inside look at the Pro Plan and Premium Plan subscriptions. As a thank you, we will throw in some bonus material on Crypto currencies, specifically Bitcoin’s Elliott Wave roadmap – a $25 value.
Every quarter here at ElliottWavePlus.com, we hold a live “Premium-Plan” Webinar, and invite all of our paying subscribers at all levels. The purpose of the webinar is to educate subscribers on the vast array of information provided at all subscription levels. During this (April 7, 2020) webinar, we explained the Nightly Algo Report, and revealed the most current optimized (3-year) backtest settings and results associated with our proprietary momentum algo, in downloadable excel format.
Gold and Silver are traditionally very highly correlated. When one moves up, the other moves up, and vice versa. They may not move the same percentages, but the directionality is typically identical. During Silver’s recent capitulation move to below 12 cents per ounce, a level last seen in Jan 2009, Gold stayed above 1450. If Silver’s “capitulation” is finished, and that idea is supported by the fact that it has already rallied 28% from that low, why would gold puke out now?
And yet, those “mainstream” Elliotticians continue to be deadly bearish with their Gold wave count because they think they saw five waves down from 2011 thru 2015. The time to consider the possibility that that was not a 5-wave down structure is WAY overdue, don’t you think? Maybe it was a WXY, or WXYXZ structure. That has been my main wave count all along. Why? Hurst Cycle Analysis. My secret weapon.
U.S Dollar Index – Algo Trade Signals and Sentiment Positioning 2020
It’s been another profitable month for our Nightly Algo Report for Premium Plan subscribers here at ElliottWavePlus.com. In this post. we’ll provide an in-depth look at the U.S Dollar Index, and the trade signals that our proprietary momentum algorithm has been producing. Remember, this is just one of twenty popularly traded items covered for our Premium Plan subscribers, who receive screenshots every evening (M-F), along with a summary “check list” PDF. Click here for a complete list of items covered.
Here’s a look into the most recent weekly “counts” webinar from ElliottWavePlus.com. During this week’s introduction, Sid talks about many of the free resources available at the site.
We’d like to give you a more in depth look at an AMA momentum algo chart that our Premium Plan subscribers received last night, as well as the associated sentiment conditions screenshot and PDF “quick check” summary. All of those items are provided to to Premium Plan subscribers nighty (M-F).
On November 15, 2019, the S&P-500 reached 3120 for the first time ever. For the next 63 trading days, the S&P continued relentlessly higher, topping on Feb 19 at 3393. Just four days later, the S&P was back down to 3120, almost instantly erasing three full months of gains! Nobody could have seen that coming ahead of time, could they? We know of at least one person who did.
Gold & Bonds are typically correlated. As of this writing, that historic relationship appears to be intact. Compare that to Gold & the U.S dollar. Those two items typically move opposite (inverse) of each other. However, since mid-July 2019, they have generally been moving up and down together.
Bonds, which are the most popular alternative to stock ownership in the investment world, typically move opposite of the stock market. However, ever since the start of the new year (2020), stocks, bonds, gold and the US Dollar have all been rallying together. Is this a distortion that has developed because of mid-October 2019 Fed announcement of QE? Many think so. If so however, there was a delayed reaction of 2.5 months.
The most publicized stock market indices continue to hover near all-time highs, but is this market losing momentum? The answer is YES. Examine the following multi-timeframe screenshots of the Dow Jones Industrial Average (DJIA) with a standard RSI indicator on the bottom of the screen. The loss of momentum is clearly shown in the form of bearish RSI divergence.
The original Dow Theory states that the market is in an upward trend if either the industrial or transportation index advances above a previous important high and is accompanied or followed by a similar advance in the other average. For example, if the Dow Jones Industrial Average (DJIA) climbs to a new all-time high, and the Dow Jones Transportation Average (DJTA) follows suit within a reasonable period of time, the upward trend is confirmed.