Report

Boeing Elliott Wave Analysis: Stock Will Dictate Path For World Indices

Boeing Elliott Wave Analysis: Stock Will Dictate Path For World Indices

Hello Traders. In this , we discussed the path for the Boeing stock.

Now, let have a look at the latest 4 Hour chart. We can see that soon the stock will be reaching the $267.00 area. That area in the following chart is the 100% extension from 3.1.2019 peak. The Instrument has created a bearish sequence from its March 2019 peak and should trade lower into the mentioned target.

 

Boeing (BA) 8.8.2019 4-Hour Elliott Wave Analysis

 

The idea of the bearish sequence in Boeing will keep the world Indices sideways at best. But most likely will force Indices into a 7 swings structure from their July 2019 peak respectively.

It will be interesting to see what BA will do when reaching the $267.00 area. Because from there either rally into new highs or fail to make new highs and then turn lower again. Which can be seen in the chart below.

 

Boeing (BA) 8.8.2019 Monthly Elliott Wave Analysis

 

As we know, SPX, SPY and some other World Indices have the minimum numbers of swings within the Supercycle degree since 2009 low in place. And the reaction in BA from $267.00 will dictate if they will extend within the 2009 cycle or a significant peak have formed already. We still believe nothing significantly has happened across World Indices and the 2018 Decembmer low pivot is holding.

But BA will be showing the path for months and even years to come. The following video explains the idea and why the timing of the $267.00 target will make the difference if the SPX will see the 3500-3700 area.

Provider
Elliott Forecast
Elliott Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions. 

Other Reports from Elliott Forecast

ResearchPool Subscriptions

Get the most out of your insights

Get in touch