SP 500 Elliott Wave Technical Analysis and Trading Strategies: SP 500 (SPY), NASDAQ 100 NDX, QQQ ETF, Russell 2000 RUT IWM ETF. Dow Jones Industrial (DJI).
Stock Market Daily News Today: The Dow rose more than 500 points as July’s consumer-price report showed inflation easing. Yields on Treasury bonds fell.
Elliott Wave Market Summary Today:Wave (i) of v) of C of (A) Thursday - look for the Bullish Weekly Cycle play in line with the Elliott Wave count and the TradingLevels.
Day / Trend Trading Strategies: Expect the market to open higher, but then it could trade lower for most of the session, then look for the market to firm up later in the day. Bullish Weekly Cycle.
Video Chapters:
00:00 S&P500 SPY ETF
22:23 NASDAQ 100 (NDX)
25:04 Russell 2000 (RUT)
25:56 Dow Jones Industrial Average (DJI)
30:27 End. Thanks for supporting!
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Editors’ Picks
EUR/USD languishes near its lowest level since March, trades just above mid-1.0500s
The EUR/USD pair enters a bearish consolidation phase and oscillates in a narrow range near its lowest level since March 16, around the 1.0555 area touched during the Asian session on Wednesday.
GBP/USD extends losses below 1.2150 on hot US data, focus shifts to Core PCE, UK GDP
GBP/USD continues the losing streak that began on September 20, trading below 1.2150 during the Asian session on Wednesday. Upbeat economic data from the United States (US) reinforces the prevailing pressure on the pair.
Gold appears a ‘sell on bounce’ trade amid a Death Cross
Gold price is trading close to the five-week lows of $1,899 set on Tuesday, as the United States Dollar (USD) bulls take a breather amid a minor correction in the US Treasury bond yields from sixteen-year highs.
Litecoin price is failing recovery as Whales pull back to December 2020 lows
Litecoin price was showing some signs of recovery about two weeks ago, but it failed to sustain the bullish momentum, resulting in minor corrections. While broader market cues are to be blamed for this, a lot of the credit goes to the whales, too, whose disappointing performance has impacted the altcoin.
U.S. government shutdowns & U.S. Dollar implications
A potential U.S. government shutdown that could start October 1st looms, the chances of which are more or less seen as a coin flip at this point. Should a shutdown transpire, there could be a negative impact of the U.S dollar, albeit one that is likely to be modest and short-lived.