In this video, I provide an Elliott Wave analysis of the Nasdaq 100, discussing the market's position within a long-term third wave that began in 2002.
In this video, I provide an Elliott Wave analysis of the Nasdaq 100, discussing the market's current position within a long-term third wave that began in 2002. I examine various timeframes and potential scenarios for the market's movement, focusing on key levels and Fibonacci retracement targets. I highlight the importance of the 26,182 level for the cash market and discuss the implications of a potential breakdown below 25,260.
I also touch on geopolitical concerns and their potential impact on the market. The analysis concludes with a reminder for traders to remain flexible and take advantage of trading opportunities in both directions.
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.
Comments
Log in or sign up to join the conversation.