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 steady below 1.0800 after US PCE meets expectations
EUR/USD remains depressed below 1.0800 after soft French inflation data, amid minimal volatility and thin liquidity on Good Friday. The pair barely reacted to US PCE inflation data, with the Greenback shedding some pips. Fed Chair Jerome Powell set to speak ahead of the weekly close.
GBP/USD hovers around 1.2620 in dull trading
GBP/USD trades sideways above 1.2600 amid a widespread holiday restraining action across financial markets. Investors took a long weekend ahead of critical United States employment data next week. Fed Chair Powell coming up next.
Gold price sits at all-time highs above $2,230
Gold price holds near a fresh all-time high at $2,236 in thinned trading amid the Easter Holiday. Most major world markets remain closed, although the United States published core PCE inflation, the Federal Reserve’s favorite inflation gauge.
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.
Key events in developed markets next week
Next week, the main focus will be inflation and the labour market in the Eurozone. We expect services inflation to be impacted by the easter effect, while the unemployment rate to be unchanged.