What We See in the Stock Market
by Robert Folsom
Updated: October 27, 2020
Fast Moving and Volatile Markets = Elliott Wave Analysis at Its Best
You've just seen it for yourself: Volatile markets offer opportunity. Financial Forecast Service subscribers were NOT surprised -- they were prepared for the-decline-so-far in October 2020.
Be ready for what's next. Short Term Update, the monthly Financial Forecast and Robert Prechter's Elliott Wave Theorist are beacons of clarity amidst the noise. Fast-moving, volatile markets are when Elliott Wave analysis is at its best. See below for more.
U.S. Treasury yields aren't the only ones that have been rising. Just like here in the U.S., you can find a lot of "fundamental" explanations for the moves in German bonds. But watch how an Elliott wave pattern warned of these developments as they were just starting.
If you've ever applied technical indicators to a price chart, you know the challenge -- namely, where do you even begin? Watch our Trader's Classroom editor walk you through a "blank chart" of GRPN to show you how to spot simple levels of support and resistance, for starters -- and get an idea as to what's next.
This time-tested indicator provided a warning before the historic 2007 stock market top, and here in 2021, investors should focus on this indicator again. Find out why.