US Stock Markets News Today: A positive week ends on higher volume and higher prices for the US stock market.
Elliott Wave Market Summary: Expect the next trading session to push higher to complete the intraday Elliott Wave count of Wave v)
Elliott Wave count: I'm 80% bullish on the SP500. A bullish trend can be confirmed with a stronger deeper retest of the 4000 later next week and secondly a stronger Impulse wave higher.
Day / Trend Trading Strategies: Day traders can buy new highs in the next trading session, trend traders should wait for the next pulled back.
Video Chapters
00:00 S&P500 / DXY USD / US ETF Sectors
36:32 NASDAQ 100 (NDX)
37:57 Russell 2000 (RUT)
39:17 Dow Jones (DJI)
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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.