EWI Free Week for Asian & European Markets!

Hello folks,

Elliott Wave International has just announced the beginning of their wildly popular FreeWeek event.

You can access(for FREE) EWI's short-term analysis of Asian-Pacific (such as China, India, Hong Kong, Singapore, Japan, Taiwan, Gold) and European markets from EWI's Short Term Update services right now until noon Eastern time Friday, Sept. 10.

I trust you will benefit from this analysis. Remember, it is a limited time offer.

You can click here, or on the banner above to access the content. (You may have to sign up for a free club member id, if you haven't done so already)

Enjoy!

S&P500: 1100 is the line in the sand

A solid break, out of the channel! Expect initial resistance at 1090.

Expect stiff resistance at 1100 - the historical resistance, as well as the location of the downtrendline. In other words, it may be the line in the sand separating bulls from bears.

Meanwhile in Asia, Shanghai Composite seems to be in the "crouching tiger" phase, before a possible break above 2700. All the best!

Bankers' Song - We Didn't See It Comin!

S&P500 Very Short-term: Up against Channel Resistance

1040 acts as solid support once again! The strong rally towards 1065 in the last session, will run into resistance(channel) around here, and at the congestion area around 1070. Would be interesting to see if 1060 holds during the ensuing consolidation. If it DOES, we may see 1080. If it DOES NOT, we may be about to find out how solid (or not) 1040 really is!

MSCI Emerging Markets & HSI: Trendline Break

MSCI Emerging Markets Index looks like it has completed a B wave up, and is probably setup for an impulsive C decline over the next couple of months. Strong support in the 900-910 area, a failure of which will open the door to 825-830 region, to end the correction.

On a related note, Hang Seng Index (HSI) has broken its short-term uptrendline and may be headed lower to the 19800 region initially. Further supports at 19400 and 19000. In the very short-term, a rebound is possible to re-test the trendline break.

All the best!