In this video, I discuss the current market situation and note the lack of conclusive evidence regarding geopolitical issues and other global hotspots. I analyze potential market movements, while considering various Elliott wave counts and levels that could indicate further increases or decreases in the market.
I emphasize the importance of monitoring the market's behavior on Monday and Tuesday to assess the likelihood of an irregular B wave or a C wave down, which would require the market to drop below a specific low. I also mention the upcoming interest rate decision on Wednesday and the potential impact on market trends.
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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