We do market cycle based analysis and we use a lot of Elliot counting waves, which is one of the best stock trading theories you can find out there - just check out Elliot Wave International -the biggest analysis investment firm in the world that is based on this theory.
So what are we looking at ? NASDAQ 5th wave is going to be a nice one and it will break 11800...
A general overview of where the markets are trading tonight heading into the first poll closures. Watching the Dollar Index and Resistance on US Markets.
BTC Breakout. Gold & SIlver trying to continue upward momentum. 10yr Bond drop--- Optimism for the bulls but the night is not over yet.
Paypal looking bullish into the election. Price is still trading above some major support levels at 171.00 & 164.00 respectively. Look to buy into major support levels as risk/reward becomes very attractive. If the price manages to consolidate below 162.00 cut losses quickly. Any consolidation below 162.00 will be considered very bearish.
We are still in the downward channel. With the election we may see some very unsteady volatile market so everyone take precaution when trading. Dont open more than your account can handle and be patient with entering.
What i think may happen
This coming week be will crucial in terms of even risk. Nevertheless, the price hasn't been moving much since last Thursday. Eventually, this consolidation will break The most likely catalyst is the upcoming US election on Tuesday, November 2nd. Could this even risk push price back lower to test the major support level above 3200? Defiantly a likely scenario that...
price formed a channel last week, after using my fib i expect price to get to my resistance level then continue to bearish move !!.. note wait for price to get to that resistance first before you think of taking the sell decision
Hello traders and analysts,
Basing the QQQ upon the Nas100 - this is the fund version.
We will be seeing two areas where price will fall to over the election period.
No write is needed as our previous analysis's on SPX, DAX, FTSE cover all information.
It is earning quarter, but the political and social landscape of the US is something to consider and not over...
Wave analysis suggests the NQ! Futures are putting in a flat correction with some downside left in the market. This analysis coincides perfectly with wave analysis of some of the other major equities stocks and the uncertainty that generally plagues the market during an election year. Following the completion of this flat correction, we should begin to see some...
