In today's podcast, I provide Elliott Wave analysis of the Dow Jones Industrial Average, explaining the current market position in terms of Grand Supercycle, Supercycle, and Cycle waves, with the market preparing to complete Cycle Wave 3 of Super Cycle Wave 3 of Grand Supercycle Wave 3.
I discuss the progression of market cycles and the potential for a significant correction after completing Cycle Wave 3, noting that Cycle Wave 4 would exceed previous market declines and form three waves of primary degree.
I emphasize the importance of understanding these waves to better predict market movements and discuss the potential for a significant market decline triggered by various factors, while expressing hope for market support despite the risks.
Disclaimer: 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 ...
Disclaimer: 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.