We started the week in positive mood after last week huge gains. Rising bond yields and Greek uncertainty has kept the stock market under a major resistance. The next leg should be down and we took a short position on FTSE 100 and S&P 500 this week.
We are neutral on EUR/USD and looking to enter shortly. This market has behaved exactly as the Elliott wave dictated. This year we have made 1022 pips on EUR/USD, see:
All my forecasts are based on Elliott wave analysis. This underlines why markets follow the Elliott wave.
Start making regular profits from the FTSE 100, S&P 500, EUR/USD and gold, subscribe to Better Trader Premium: