In this video, I provide the Elliott Wave weekly update for the Dow Jones Industrial Average, as I discuss the market's recent surge and potential future movements. I analyze the current wave structure, predicting a possible continuation of the upward trend before a significant correction begins.
I emphasize that the market could reach new highs, potentially influenced by factors such as the Supreme Court's ruling on tariffs. I advise traders to be cautious and consider hedging their positions, as the market's behavior has become increasingly unpredictable due to algorithmic trading. I conclude by apologizing for not providing updates on the Dow more frequently, and I promise to include it in future weekly updates.
Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC Rule 4.41 – Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will, or is likely to, achieve profit or losses similar to those shown.
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