Education / NEoWave Explained / Which markets does NEoWave follow?
You can apply Wave theory (NEoWave or orthodox Elliott Wave) to virtually any market, with one important exception. Keep in mind that NEoWave is an extension of Elliott Wave. In fact, you'll often hear it described as "advanced Wave theory."
When thinking about which market to follow with Wave theory (whether it's NEoWave or orthodox Elliott Wave), you must understand the "ideal foundation" of Wave theory. Wave theory is based on tracking mass psychology, so it requires markets in which the primary foundation is psychology. This is why Wave theory should be applied to markets that are 1) man-made and 2) have perpetual life. These two criteria must be met when attempting to apply Wave theory to a particular market. Examples include the S&P 500, Gold, T-Notes, and Euro.
In contrast, agricultural products – which are nature-made and have limited shelf-life – are NOT good candidates for Wave analysis. To be clear, Wave theory should NEVER be applied to agricultural products.
The NEoWave Forecasting service follows these four major markets:
The S&P 500, GOLD, T-NOTES, and EURO
To learn more about following (and applying) NEoWave theory to these markets, Glenn Neely offers the NEoWave Forecasting service. This educational service presents REAL-TIME charts, detailed comments on Wave structure, and includes NEoWave analysis by Mr. Neely. The NEoWave Forecasting service analyzes weekly, monthly and 1/2-yearly time frames for each of the above markets.
Forecasting by NEoWave founder GLENN NEELY
S&P 500, GOLD, T-NOTES, and EURO
The NEoWave Trading Service provides detailed recommendations on these ETF-focused market categories:
This service is ideal for traders who's focus is making money and protecting capital. It is also great for busy professionals (including money managers and brokers) who don't have the time to design their own trading strategies.
powered by NEELY RIVER Trading Technology
Equities, Commodities, Foregn Markets & Currencies, & Fixed Income
Live Classes by Glenn Neely:
NEoWave: Advanced Elliott Wave Analysis Course
Neely River: Professional Trading Course
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