Stock Market SP 500, Nasdaq 100 NDX, Russell 2000 RUT. Dow Jones Industrial (DJI) Elliott Wave Technical Analysis and Trading Strategies.
US Markets News Today: Fed officials stare down market volatility, say inflation remains the paramount focus
Elliott Wave Market Summary: The current trend down into Wave (1) is not completed, that said the US Indices are in a series of Elliott Wave fours, which tend to move sideways.
Elliott Wave count: Wave iii) of 3 of (1) of C)
Day / Trend Trading Strategies: Short Rallies and new lows...Keep a wide stop away from the Wave fours iv) and 4 as the market has a high probablity of moving lower over time
Video length: 00:48:45
Video Chapters
00:00 S&P500
11:47 NASDAQ 100 (NDX)
13:17 Russell 2000 (RUT)
18:19 Dow Jones Industrial Average
20:19 End. Thanks for supporting!
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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.