Waiting for the Perfect SP500 Trade: How to Set Up Classic TradingLevel Patterns on ML4|4000".
Content: SP500 - NASDAQ 100 - RUSSELL 2000 - DOW JONES.
Summary: Short term top approaching... 4050 - 4065.
Elliott Wave count:Wave i of (v) of i).
Strategies: Waiting for trade set up, Classic TradingLevel Pattern on ML4|4000.
Video Chapters:
00:00 S&P500
15:05 NASDAQ 100 (NDX)
19:33 Russell 2000 (RUT)
22:49 Dow Jones (DJI)
As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.
Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.
Recommended Content
Editors’ Picks
EUR/USD consolidates losses above 1.0800

EUR/USD bottomed on Monday at 1.0803, the lowest level in three days. The pair is consolidating recent losses, hovering around 1.0820 amid a stronger US Dollar supported by higher US yields. Market participants await key US labor market data.
AUD/USD extends slide to 0.6600 ahead of the RBA Premium

The sharp reversal of the AUD/USD pair continued during the American session and it dropped toward 0.6600. The pair remains under pressure ahead of the Reserve Bank of Australia meeting.
Gold to remain volatile, with risks of extending pullbacks Premium

Gold price staged a deep correction from the record top it set near $2,150 and declined below $2,050. Recovering US Treasury bond yields and risk aversion help the USD find demand and make it difficult for XAU/USD to shake off the selling pressure.
Ethereum Price Prediction: ETH attempts to flip $2,300 into support

Ethereum (ETH) price has been consolidating within an ascending parallel channel since the broader market turned bullish around October 18, pushing north with key drivers including speculation of spot Ether exchange-traded funds (ETFs) launching in the market.
S&P 500 Forecast: Index falls on Monday as Treasury yields rise after five weeks of gains

The S&P 500 index opened lower on Monday following five straight weeks of gains. The index sits just shy of the yearly high at 4,607, and while gains have become lighter in the last two weeks, it still seems possible that the S&P 500 will mark a new annual high before the year is out.