Google, CAT and world indices: How to create A forecast within the same cycle

The market is hard to understand and decipher. Many traders use tools like Indicators, Theories, Fundamentals, and Math, among others, to forecast and trade the market. Over the years, we created our system at EWF using Elliott Wave Theory, some Indicators, sequences, cycles, and distribution to create a higher possibility forecast.

The Elliott Wave Theory is subjective. Consequently, a filter will provide better results. The following video explains how we are seeing the World Indices now in the Daily time frame and why we need to be aware first of a cycle possibly ending. We also need to understand the implications that can happen across the Market. Google and most of the Indices, Stocks, and ETFs are trading within a bullish cycle since the lows at 10.2022.

Some stock still need more upside, such as CAT(Caterpillar Inc), which shows five swings since the lows at 10.2022. However, the third swing is the shortest, so more upside should happen. However, Google has the minimum amount of swings as an impulse sequence. Thus, it only calls for an extension within wave V to align with the need for more upside in CAT(Caterpillar Inc). The point is that Google has been sending a warning within the cycle since 10.2022 that it can end. However, we will call an extension within wave V because of CAT.

Neither the Elliott Wave Theory nor any other indicator or fundamental can come up with this forecast because it can not be just one thing. It needs to be a group of tools. We have the system and tools. Our reading is that even if the cycle since 10.2022 is mature in some symbols like Google, it is not over but it soon should be over.

GOOGL and CAT Elliott Wave analysis

Google (GOOGL) daily Elliott Wave chart

The Google Daily chart shows the five waves have advanced since the lows at 10.2022, which is a warning for the cycle since a precise impulse sequence is in place.

Caterpillar (CAT) Daily Elliott Wave Chart

The CAT Daily chart shows the sequences since 10.2022, in which the third swing is the shortest. This violates the Elliott Wave Theory and can not be used as a complete impulse, so more upside should still follow.

Correlation of Indices and CAT

The following chart shows Google, CAT, SPX, DOW, and Nasdaq, all trading within the cycle since 10.2022.

Again, the Market needs to be traded and forecasted with a system, and many instruments must be considered before picking a forecast or a trade.

Share: Feed news

FURTHER DISCLOSURES AND DISCLAIMER CONCERNING RISK, RESPONSIBILITY AND LIABILITY Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of xperience and risk appetite. Do not invest or trade capital you cannot afford to lose. EME PROCESSING AND CONSULTING, LLC, THEIR REPRESENTATIVES, AND ANYONE WORKING FOR OR WITHIN WWW.ELLIOTTWAVE- FORECAST.COM is not responsible for any loss from any form of distributed advice, signal, analysis, or content. Again, we fully DISCLOSE to the Subscriber base that the Service as a whole, the individual Parties, Representatives, or owners shall not be liable to any and all Subscribers for any losses or damages as a result of any action taken by the Subscriber from any trade idea or signal posted on the website(s) distributed through any form of social-media, email, the website, and/or any other electronic, written, verbal, or future form of communication . All analysis, trading signals, trading recommendations, all charts, communicated interpretations of the wave counts, and all content from any media form produced by www.Elliottwave-forecast.com and/or the Representatives are solely the opinions and best efforts of the respective author(s). In general Forex instruments are highly leveraged, and traders can lose some or all of their initial margin funds. All content provided by www.Elliottwave-forecast.com is expressed in good faith and is intended to help Subscribers succeed in the marketplace, but it is never guaranteed. There is no “holy grail” to trading or forecasting the market and we are wrong sometimes like everyone else. Please understand and accept the risk involved when making any trading and/or investment decision. UNDERSTAND that all the content we provide is protected through copyright of EME PROCESSING AND CONSULTING, LLC. It is illegal to disseminate in any form of communication any part or all of our proprietary information without specific authorization. UNDERSTAND that you also agree to not allow persons that are not PAID SUBSCRIBERS to view any of the content not released publicly. IF YOU ARE FOUND TO BE IN VIOLATION OF THESE RESTRICTIONS you or your firm (as the Subscriber) will be charged fully with no discount for one year subscription to our Premium Plus Plan at $1,799.88 for EACH person or firm who received any of our content illegally through the respected intermediary’s (Subscriber in violation of terms) channel(s) of communication.