S&P 500, INDEXSP:DXY USD / US ETF Sectors, .INX, NASDAQ-100, INDEXNASDAQ: NDX, Russell 2000 RUT. Dow Jones Industrial (DJI) Elliott Wave Technical Analysis and Trading Strategies.
US Stock Markets News Today: A positive week ends on higher volume and higher prices for the US stock Market.
Elliott Wave Market Summary:Expect the next trading session to push higher to complete the intraday Elliott Wave count of Wave v).
Elliott Wave count: I'm 80% bullish on the SP500. A bullish trend can be confirmed with a stronger deeper retest of the 4000 later next week and secondly a stronger Impulse wave higher.
Day / Trend Trading Strategies: Day traders can buy new highs in the next trading session, trend traders should wait for the next pulled back.
Video Chapters:
00:00 S&P500 / DXY USD / US ETF Sectors.
36:32 NASDAQ 100 (NDX).
37:57 Russell 2000 (RUT).
39:17 Dow Jones (DJI).
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Editors’ Picks
AUD/USD failed just ahead of the 200-day SMA
Finally, AUD/USD managed to break above the 0.6500 barrier on Wednesday, extending the weekly recovery, although its advance faltered just ahead of the 0.6530 region, where the key 200-day SMA sits.
EUR/USD met some decent resistance above 1.0700
EUR/USD remained unable to gather extra upside traction and surpass the 1.0700 hurdle in a convincing fashion on Wednesday, instead giving away part of the weekly gains against the backdrop of a decent bounce in the Dollar.
Gold keeps consolidating ahead of US first-tier figures
Gold finds it difficult to stage a rebound midweek following Monday's sharp decline but manages to hold above $2,300. The benchmark 10-year US Treasury bond yield stays in the green above 4.6% after US data, not allowing the pair to turn north.
Bitcoin price could be primed for correction as bearish activity grows near $66K area
Bitcoin (BTC) price managed to maintain a northbound trajectory after the April 20 halving, despite bold assertions by analysts that the event would be a “sell the news” situation. However, after four days of strength, the tables could be turning as a dark cloud now hovers above BTC price.
Bank of Japan's predicament: The BOJ is trapped
In this special edition of TradeGATEHub Live Trading, we're joined by guest speaker Tavi @TaviCosta, who shares his insights on the Bank of Japan's current predicament, stating, 'The BOJ is Trapped.'