Stay informed on the latest market trends with our expert analysis of the US stock indices: SP500, Nasdaq, Dow Jones, and Russell 2000. Our analysis suggests the current decline in the market is corrective and could turn into a full five-wave impulse move, leading to a deeper drop.
Keep a close eye on the USD DXY as the Federal Reserve's meeting on Wednesday may impact the market. If 102 serves as a support for the dollar, it could result in further gains for the dollar and losses for global indices, forex, and commodities. For the best trading results, we recommend waiting for the outcome of the Fed meeting before determining the next short-term trend
Content: SP500 - NASDAQ 100 - RUSSELL 2000 - DOW JONES
Summary Corrective pattern lower
Elliott Wave abc
Strategies No, waiting a few sessions to confirm the pattern lower.
Video length 00:31:29
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Video Chapters
00:00 S&P500
23:22 NASDAQ 100 (NDX)
25:28 Russell 2000 (RUT)
29:42 Dow Jones (DJI)
21:28 TRIAL Buy 1 Month Get 3 Months
Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...
Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.