Australia’s ASX 200 has plummeted more than 9% since Aug. 1, joining the recent surge in global volatility, and the index is down more than 18% since mid-April. But if you have a stake in Asian-Pacific markets, the more important question is -- what should you expect next?
EWI’s Chris Carolan gives you near-term analysis of the ASX three times per week in The Asian-Pacific Short Term Update. In the Aug. 4 issue, Chris presents a special subscriber video with his freshest Elliott wave count -- plus supporting evidence from three different technical indicators -- with specific implications for both the short- and long-term trends in Australian stocks.
Take a sneak peak into some of the independent, in-depth insights this video gives you:
• Prices breached the Keltner channel in the weekly chart -- but NOT on the monthly chart. Chris explains why the combination of these two developments is so important -- and how they speak volumes about the trend.
• The Jurix RSX, an enhanced Relative Strength Indicator (RSI), changed direction for the first time in more than 2 years. Chris shows you why this is so rare and what it portends for the future.
• The Breath Oscillator of the 5-day advance-decline line flashed its most extreme reading since Chris began keeping the data in early 2008. Chris tells you why it’s “more evidence” of what’s to come.
Get the full story now -- and Chris’s most up-to-date forecasts and analysis for the markets you follow -- via a risk-free subscription to The Asian-Pacific Short Term Update. Learn more below.
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“The brevity and clarity of message, consistency of method, and ... the blend of wave analysis and price targets provide an excellent companion on a journey that would otherwise appear to be ... chaos.” - John W., Australia
Put the recent global volatility on your side -- and put 30-year market veteran Chris Carolan to work for you -- with The Asian-Pacific Short Term Update.
You'll get in-depth forecasts and analysis, plus detailed Elliott-labeled charts for Australia, Japan, China, India, Hong Kong and more at least three times per week. You’ll also get occasional succinct video updates that deliver unique opportunities and teachable lessons to subscribers.
Bonus: Subscribe now and get instant access to Chris’ 42-minute online trading course, “3 Technical Indicators to Help You Ride the Elliott Wave Trend” ($49 value). You’ll learn how to get the most out of Chris’ favorite technical indicators with detailed charts and real-world examples.
Get The Asian-Pacific Short Term Update risk-free for 30 days>>
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Jurik RSX courtesy Jurik Research