Jump to content

S&P 500 Index Elliott Wave b) of 4: Bear market rally, prepare to short


Recommended Posts

SP 500 Elliott Wave Technical Analysis and Trading Strategies: SP 500 (SPY), NASDAQ 100 NDX, QQQ ETF, Russell 2000 RUT IWM ETF.
Market Summary Today: Elliott Wave count  a) b) c) wave 4 corrective rally. Today I also look at other US ETFs and the SP500 larger bear Ellliott wave count
Market News Today In line with the Feds, we will short the next leg lower
Day / Trend Trading Strategies: Will look to short once this wave 4 corrective rally matures

 

Video Chapters
00:00 S&P500 & SPY ETF
10:59 NASDAQ 100 (NDX)
12:38 Russell 2000 (RUT) & IWM ETF
16:56 Thanks for watching!


Peter Mathers TradingLounge
 

 

  • Like 1
Link to comment
8 hours ago, tradinglounge said:

SP 500 (SPY), NASDAQ 100 NDX, QQQ ETF

Dow Jones, S&P 500 and Nasdaq 100 Outlook for the Week Ahead – Not Looking Good

Jun 19, 2022 | DailyFX
Daniel Dubrovsky, Strategist

STOCKS FUNDAMENTAL FORECAST: BEARISH

  • Dow Jones, S&P 500 and Nasdaq 100 suffer worst 2 weeks since 2020
  • Traders getting more concerned about a recession as Fed fights CPI
  • Data next week will reveal more information on growth, not inflation

Over the past 2 weeks, futures tracking the Dow Jones, S&P 500 and Nasdaq 100 tumbled 8.71%, 10.05% and 9.63% respectively. You would have to go back to the onset of the pandemic in early 2020 to see the same performance. Volatility has been on the rise, with the VIX market ‘fear gauge’ up about 25 percent during the same timeframe.

This past week, we saw a rapid repricing of Federal Reserve rate hike expectations. That is because earlier this month, another unexpectedly strong US CPI report crossed the wires. Hence the 75-basis point hike delivered last week, where just shortly ago, the markets were only expecting 50. A more aggressive Fed means that there are rising concerns about the health and vigor of the world’s largest economy.

US CPI and real GDP expectations for 2023 (YoY) are outlined in the chart below. Since about March, we have seen economists boost inflation estimates for next year. This is as bets for real GDP, which considers changing prices, have been dwindling. Earlier this year, the US economy was expected to grow 2.5% in 2023 in real terms. Now, that figure has fallen below 2%.

 

DailyFX and IG.jpg

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Dopamine emerges as a beacon of innovation in the world of cryptocurrency management, offering a non-custodial, secure, and anonymous mobile app wallet. With over two million downloads and a robust user base, Dopamine is reshaping the landscape of decentralized finance (DeFi) on both Android and iOS platforms. Let's delve into the features and functionalities that make Dopamine a must-have tool for navigating the cryptocurrency market. Key Features: 1. Comprehensive Portfolio Tracking: Dopamine's native token, $DOPE, empowers users to monitor their favorite projects from a vast collection of over 10,000 coins, ensuring informed decision-making in the dynamic crypto market. 2. Enhanced Security Measures: With built-in Anti-Money Laundering services, Dopamine enables users to safeguard their assets by identifying potential fraud and assessing risk scores associated with their wallets. 3. Real-Time Market Insights: Stay ahead of the curve with Dopamine's ability to track market trends and identify coins making significant moves, ensuring users remain informed and proactive in their investment strategies. 4. Cross-Chain NFT Transactions: Seamlessly send and receive NFTs across various blockchains, including Ethereum, BSC, Fusion, and more, providing users with unparalleled flexibility and interoperability. 5. Efficient Information Management: Dopamine simplifies data management by allowing users to save essential information and access it instantly, streamlining their crypto journey with convenience and ease. 6. Convenient Fiat On-Ramp: Facilitating seamless transactions, Dopamine enables users to buy crypto directly from their credit or debit card within the app, eliminating the need for multiple platforms and intermediaries. 7. DeFi Gaming Integration: Dive into the exciting world of decentralized finance gaming with Dopamine, offering users access to a diverse range of DeFi games directly from the app, adding a touch of entertainment to their crypto experience. With its innovative features, commitment to user empowerment and upcoming listing on Bitget exchange, Dopamine stands as a revolutionary platform that caters to the diverse needs of cryptocurrency enthusiasts. As the cryptocurrency market continues to evolve, It remains at the forefront, providing users with a secure, versatile, and intuitive solution for managing their digital assets and exploring new horizons in decentralized finance.
    • Name of stock: Adventus Mining Name of Stock Exchange: TSX Leverage or Share dealing: Share dealing Ticker: ADZN Country of stock: Canada
×
×
  • Create New...
us