S&P 500 Elliott Wave analysis Stock Indices News: Plus NASDAQ 100 (NDX) & Russell 2000 (RUT) Technical Analysis Day Trading Strategies.
Trading Strategies: Hold short in indices with wide stops to accommodate a series of wave four rallies.
S&P500 Overview: The 4100 is the 38.2% retracement level for the SP500.
Video Chapters:
- 00:00 Russell 2000.
- 03:23 NASDAQ 100.
- 06:59 S&P500.
- 17:33 Thanks for watching!
S&P500 Elliott Wave Counts.
Russell 2000 Elliott Wave iii) C of (4).
S&P 500 Elliott Wave iii) C of (4).
NASDAQ Elliott Wave iii) C of (4).
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Editors’ Picks
EUR/USD trades weak below 1.0800 amid Good Friday lull, ahead of US PCE
EUR/USD remains depressed below 1.0800, as traders lack directional impetus amid minimal volatility and thin liquidity on Good Friday. The pair keenly awaits the US PCE inflation data and Fed Chair Powell's speech for fresh hints on next week's price action.
GBP/USD holds steady above 1.2600 as markets stay calm on Good Friday
GBP/USD trades sideways above 1.2600 amid a typical Good Friday trading lull. A broadly firmer US Dollar could keep any upside attempts limited in the pair ahead of the US PCE inflation data and Fed Chair Powell's appearance.
Gold ends Q1 2024 at record highs, what’s next?
Gold is sitting at an all-time high of $2,236, lacking a trading impetus amid holiday-thinned conditions on Good Friday. Most major world markets, including the United States are closed in observance of Holy Friday, leaving volatility around Gold price highly subdued.
Jito price could hit $6 as JTO coils up inside this bullish pattern
Jito (JTO) price has been on an uptrend since forming a local bottom in early January. Since then, JTO has revisited the key swing point formed in early December, suggesting the bulls’ intention to move higher.
US core PCE inflation set to ease in February on month as Federal Reserve rate cut bets for June mount
The core Personal Consumption Expenditures Price Index is set to rise 0.3% MoM and 2.8% YoY in February. The revised Summary of Projections showed that policymakers upwardly revised end-2024 core PCE forecast to 2.6% from 2.4%.