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SP500 Elliott Wave Analysis: Bear Market Trade is on Wave 2


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SP 500 Elliott Wave Trading Technical Analysis: SP 500 (SPY), NASDAQ 100 NDX, QQQ ETF, Russell 2000 RUT IWM ETF,  Day Trading Strategies
Market Summary: Elliott Wave count 1 of (5) of C) of II Or the Bear market count Wave 1 of (3) of 3)
Day / Trend Trading Strategies: Short Wave b) of 2 or the 61.8% retracement in a few sessions, in a nut shell shorting the next corrective rally


Video Chapters
00:00 S&P500 & SPY ETF
04:26 NASDAQ 100 (NDX)
05:31 Russell 2000 (RUT) & IWM ETF
7:43 Thanks for watching!

SP 500 Elliott Wave Counts
S&P 500 Elliott Wave 1 of (5) of C) Or Bear count 1 of (3) of 3)
NASDAQ 100 Elliott Wave  1 of (5) of C)
Russell 2000 Elliott Wave 1 of (3) of 3)

Peter Mathers TradingLounge

 

 

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14 hours ago, tradinglounge said:

SP 500

S&P 500, Nasdaq 100 Drive in to 'Bear Market' Territory Ahead of the Fed

Jun 13, 2022 | DailyFX
James Stanley, Senior Strategist

S&P 500, NASDAQ 100 TALKING POINTS:

  • I had looked at U.S. equities in this week’s technical forecast and as shared there, the picture isn’t pretty.
  • Bears have come back in a big way in U.S. equities ahead of the Wednesday FOMC rate decision.
  • Perhaps the most bullish thing going at the moment is just how bearish everyone is and that’s not a great thing. At the source of the move is a continued jump in Treasury rates as traders are now expecting a 75 bp move in July. But – if the Fed says in Wednesday’s forecasts that they’re only looking at 50, that could be motive for support/pullback or, perhaps even short-term reversal as we saw in March.
  • We’ve been discussing these themes at DailyFX throughout 2022 and a host of analysts have taken bearish stances on US equities as ‘Top Trades’ for Q2

S&P 500, Nasdaq 100 Drive in to 'Bear Market' Territory Ahead of the Fed

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