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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GBP/USD licks its wounds at record low amid pessimism over UK, risk-aversion

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GBP/USD consolidates intraday losses around the recently flashed record low near 1.0340, as bears fear the BOE intervention. Hawkish Fedspeak, pessimism surrounding the UK economy and broad risk-aversion add strength to the bearish bias.

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AUD/USD renews two-year low as bears poke four-month-old support around 0.6500

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AUD/USD reverses the early Asian session corrective bounce on Monday as it drops back towards 0.6500. The Aussie pair pokes the support line of a 4.5-month-old descending trend channel. May 2020 low can lure sellers on defying the bearish channel formation.

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EUR/USD: Bears retain control at two-decade low

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EUR/USD dropped to the lowest levels since June 2002 before recently bouncing back to 0.9660 during Monday’s Asian session. The bearish chart formation and sustained trading below the previous key support line from July, now resistance around 0.9830, keeps the pair sellers hopeful.

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Gold reverses intraday losses from $1630, US Durable Goods Orders buzz

Gold reverses intraday losses from $1630, US Durable Goods Orders buzz

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LUNA Classic price hints at a 25% crash as Do Kwon under Red Notice from Interpol

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LUNA Classic price reveals a bearish outlook that could unfold over the course of this week. A minor run-up seems plausible, but it is just a move to squeeze the bulls. Therefore, market participants should be ready for a quick reversal. 

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