In this week's podcast I discuss the S&P 500's current market position and potential future movements. I explain that the market is near the end of minor wave 5 of intermediate wave 5, which is part of a larger cycle wave 3 that began in 1949. l analyze various factors that could impact the market, including the Supreme Court's upcoming ruling on tariffs, potential rate cuts by the Federal Reserve, and upcoming bank earnings reports. I also discuss the technical aspects of Elliott Wave theory and how it applies to current market conditions. I conclude that while the market could still move higher, there is also potential for a significant correction, and I will continue to monitor developments closely for the next update.
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.