.
NEW YORK
21:00
LONDON
02:00
PARIS
03:00
FRANKFURT
03:00
HONG KONG
08:00
TOKYO
10:00
SYDNEY
11:00
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Below we can see VIX chart. This is a volatility index of the S&P500; actually measures an “investor’s fear” in current market conditions. The greater the fear is, the higher the VIX level will be. If the fear decreasing in the market than you will see VIX falling; like in our case. The results of course, are higher stock prices; higher S&P500. VIX is at very low price right now, and S&P 500 is very high, so we can say that trade is “overcrowded”, because there is no fear in the market and a lot of investors are buying it. But as you know, usually when something is overcrowded the opposite reaction follows. In our case this would be on the upside.

From a technical perspective, we can see a triangle on VIX chart before market fell into a new low. But since the VIX is in a downtrend we know that triangle can be placed only in wave 4, because triangle can never appear in wave 2.

And here is the next important fact from an Elliott Wave perspective: “triangles unfold just prior to the final move in the larger pattern”. So, wave 5 must be a final move as shown on our chart, which means that reversal from the lows should follow in the near term; at least into a higher correction, because after every five waves temporary change in trend occurs!

So, if we are on the right track here, then top on the S&P500 is also near. Market is currently testing 13000 psychological level…

In 2008, before the stock market collapsed VIX hit the lows around 16.

vix2

If you need more Elliott Wave forecast, especially on the intra-day basis, please visit our website and check Video Tour of Our Products here.

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Interview with Matthew Sheppard

Senior Forex Advisor at XForex


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Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

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Aside from all the benefits that XForex offer like commission-free trading, 24/7 online support, high leverage (200:1), XForex offers educational and learning trading experience that you won’t find anywhere else..

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6. From your experience, what advice would you give a person who wants to enter the forex world?

My advice to the beginning trader entering the Forex world is as follows:
  • Learn the market and understand what you’re getting into.
  • Research and find the broker that suits your needs and wants. Look for a good offering but more importantly customer service, don’t go for the low rates offer without being certain they have a good customer service department. From my extensive experience in the Forex world your key to success will be your client-broker relationship. I can honestly say that at XForex they put an emphasis on servicing clients, which is so important.
  • Invest smartly and calculate your risks.
  • Always know when to get out of a trade.

Interview with Matthew Sheppard

Senior Forex Advisor at XForex


1. What is your name and position?

Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

2. What is your experience and professional background?

In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.

3. What type of clients you deal with?

We deal with clients on all levels from the beginning stages to the more advanced trading levels.

4. Does most of your business activity come from the online or offline world?

Because of our high presence on the web, most of our business comes from the online world.

5. Why should a trader pick XForex from all forex brokers?

Aside from all the benefits that XForex offer like commission-free trading, 24/7 online support, high leverage (200:1), XForex offers educational and learning trading experience that you won’t find anywhere else..

Our team of experts and financial trainers provide personal assistance and guide clients to financial success. We provide daily analysis and market reviews to our clients giving them a better understanding of the market and helping them trade profitably.

6. From your experience, what advice would you give a person who wants to enter the forex world?

My advice to the beginning trader entering the Forex world is as follows:
  • Learn the market and understand what you’re getting into.
  • Research and find the broker that suits your needs and wants. Look for a good offering but more importantly customer service, don’t go for the low rates offer without being certain they have a good customer service department. From my extensive experience in the Forex world your key to success will be your client-broker relationship. I can honestly say that at XForex they put an emphasis on servicing clients, which is so important.
  • Invest smartly and calculate your risks.
  • Always know when to get out of a trade.