HY Newsletter – Amazon Breaks Resistance Level

Stocks Report: Amazon.com, Inc.

Amazon breaks resistance level 730.00

Likely to rise to 760.00 

Amazon recently broke above the resistance level 730.00 (which stopped the previous B-wave in June and which was set as the likely upward target in our earlier forecast for this company). The breakout of the resistance level 730.00 accelerated the active intermediate impulse wave (5), which started earlier from the support zone near the pivotal support level 680.00. The active impulse wave (5) belongs to the extended primary impulse wave ③ from February. Amazon is expected to rise further to the next upward target at the resistance level 760.00. Buy stop-loss can be placed below 730.00.


Commodities Report: Natural Gas

Natural Gas rising inside intermediate impulse wave (3)

Likely to rise to 2.930 and 3.000


Natural Gas continues to rise inside the intermediate impulse wave (3) – which started earlier – when the price reversed up from the support area lying between the pivotal support level 2.755 (which stopped the previous upward impulse in June, acting as support now after it was broken) and the 50% Fibonacci correction of the previous sharp upward impulse from the start of June. Natural Gas is likely to rise further to the resistance level 2.930 – the breakout of which will open the way for further gains toward the next round resistance level 3.0000.


Index Report: Dow Jones Industrial Average

Dow Jones Industrial Average reached upward targets 18000.00 and 18150.00

Likely to rise to 18400.00


Dow Jones Industrial Average recently rose sharply – breaking through the resistance zone lying between the round resistance level 18000.00 (upward target set in our earlier forecast for this index) and the resistance trendline of the daily down channel from April (which has enclosed the previous intermediate ABC correction (2)). After breaking above 18000.00 the price stopped near the next resistance level 18150.00 (top of the earlier impulse wave (1) and the second upward target set previously for this index). If the index breaks above the resistance level 18150.00 – the price will then, most likely, rise to the next resistance level 18400.00.


Forex Report: USD/CHF

USD/CHF rising inside impulse waves 3 and (3)

Further, gains likely toward 0.9900 and 0.9950


USD/CHF continues to rise inside the minor impulse wave 3, which belongs to the intermediate impulse wave (3) from the end of June. The active impulse wave (3) started when the pair reversed up from the support zone lying between the lower daily Bollinger Band and the major support level 0.9500, which has been steadily reversing this currency pair from last November, as can be seen below. USD/CHF is likely to rise further to the next resistance levels 0.9900 and 0.9950 (top of the previous impulse wave (1)).


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