Stock market report S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. Elliott Wave Technical Analysis
Elliott Wave analysis indices: Jobless claims next session, could spike the Indices lower, however if that was the case then the Indices bullish pattern would be over, now that said, the current low for Indices can be in place now, so this means any long trades would require a safer long trade set up and I chat about this with most indices. those trading ETFs can just hold long as then market is still trending. The next target for the SP500 is around the 5300 the top of Minor Group1 and the Elliott wave count would be Wave v) of 5 of (3) so an important top...
Video chapters
00:00 SP 500 (SPX).
09:19 NASDAQ (NDX).
19:05 Russell 2000 (RUT).
23:38 DAX 40 (DAX).
30:17 FTSE 100 UKX (UK100).
34:12 S&P/ASX 200 (XJO).
42:06 End.
As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.
Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your 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. 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 considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.
Recommended content
Editors’ Picks
EUR/USD sellers attack 1.0500 as US Dollar finds fresh demand
EUR/USD is back in the red near 1.0500 in the European morning on Tuesday. A negative shift in risk sentiment revives the havem demand for the US Dollar, weighing down on the pair. Eurozone economic concerns undermine the Euro, adding to the pair's downside.
GBP/USD recovers toward 1.2700 after UK jobs data
GBP/USD recovers toward 1.2700 in the European morning on Tuesday. The data from the UK showed that the ILO Unemployment Rate held steady at 4.3% in the three months to October, while the annual wage inflation climbed to 5.2%, helping Pound Sterling hold its ground.
Gold price remains confined in a range ahead of the crucial Fed decision on Wednesday
Gold price struggles to gain any meaningful traction and remains confined in a narrow range. Expectations for a less dovish Fed and elevated US bond yields cap the non-yielding XAU/USD. Geopolitical risks lend support to the safe-haven precious metal ahead of the FOMC meeting.
Ripple reveals official launch for RLUSD, XRP eyes new all-time high at $4.75
Ripple confirmed in a press release on Monday that its RLUSD stablecoin will officially launch on Tuesday across exchanges, including MoonPay, Uphold, CoinMENA, Bitso and ArchaxEx. Bullish sentiments surrounding the launch could help XRP overcome the $2.58 and $2.92 resistance levels.
Five fundamentals for the week: Fed dominates the last full and busy trading week of the year Premium
Christmas is coming – but there's a high likelihood of wild price action before the holiday season begins. Central banks take center stage, and there is enough data to keep traders busy outside these critical decisions.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.