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SP500 & US500 Daily Trade Plan – Friday, September 27

SP500 & US500 Daily Trade Plan – Friday, September 27

 In this update we review the recent price action in the emini SP500 futures contract and identify a trade plan and price objectives for the trading session ahead.Video Length: 00:06:41More By This Author:FTSE Fades Into The Close After Another Early China Stimulus Sugar RushFTSE Hovers Around The Flatline As China Stimulus Sugar High Subsides DXY […]
S&P/ASX 200 Index Elliott Wave Technical Analysis – Friday, September 27

S&P/ASX 200 Index Elliott Wave Technical Analysis – Friday, September 27

S&P/ASX 200 Elliott Wave Analysis Trading Lounge Day Chart S&P/ASX 200 Elliott Wave Technical AnalysisFUNCTION: Bullish Trend MODE: Impulsive STRUCTURE: Gray Wave 3 POSITION: Orange Wave 3 DIRECTION NEXT LOWER DEGREES: Gray Wave 4 DETAILS: Gray wave 2 appears complete. Now gray wave 3 of orange wave 3 is in progress. Wave cancel invalidation level: 7,921.1.The S&P/ASX 200 Elliott Wave Analysis for the […]
Personal Income And Spending Hits A Triple, Plus A Big Positive Surprise Revision

Personal Income And Spending Hits A Triple, Plus A Big Positive Surprise Revision

The monthly personal income and spending report is now the most important report of all, except for jobs. That’s becuase it tells us so much about the state of the consumer economy. It is the raw material for several important coincident indicators that the NBER looks at, as well as several leading indicators on the […]
Morpher Launches Open Source Oracle For Real-Time Market Data

Morpher Launches Open Source Oracle For Real-Time Market Data

Vienna, September 25th, 2024 — Morpher GmbH, a blockchain trading platform for stocks, cryptos, forex, indices and unique markets such as sneakers and watches, has released an open source data oracle to improve access to reliable trading data.A blockchain oracle is a way of bringing data into a blockchain from external sources, including other blockchains. The oracles currently available […]
Ethereum: Analyst Sets $2,820 As ETH’s Next Key Level To Watch, Here’s Why

Ethereum: Analyst Sets $2,820 As ETH’s Next Key Level To Watch, Here’s Why

Following the market’s recent pump, the leading cryptocurrencies have seen a remarkable performance. Bitcoin is trading above the $64,000 mark, while Ethereum (ETH) has surged 9% in the last week to consolidate above a key support level.Despite the bullish sentiment, some crypto investors remain cautious about ETH’s performance as the second-largest cryptocurrency faces the next […]
Dave Tepper Says: Buy Everything China – Start With Alibaba

Dave Tepper Says: Buy Everything China – Start With Alibaba

Summary Investing legends like David Tepper, Ken Griffin, Ray Dalio, Jamie Dimon, and Warren Buffet are bullish on Chinese stocks, particularly Alibaba (BABA). Alibaba’s diverse business segments and strong technical indicators signal a promising investment, with a 33.64% gain since 7/29. Alibaba boasts a market cap of $242 billion, a P/E ratio of 13.30, and […]
The Challenge Of Engaging Older Generations To Invest In Cryptocurrency

The Challenge Of Engaging Older Generations To Invest In Cryptocurrency

The launch of spot bitcoin exchange-traded funds ETFs in the U.S. this January is broadening the pool of bitcoin investors, with some interest in cryptocurrency emerging among older participants. However for now the most passionate crypto investors and the majority of Hodlers, those holding onto their assets tend to be younger individuals.This trend makes sense […]
Pepecoin Gains 18% As Arthur Hayes Shifts Focus To Meme Coins

Pepecoin Gains 18% As Arthur Hayes Shifts Focus To Meme Coins

American entrepreneur and former BitMEX CEO has been in the crypto spotlight lately due to his strategic investment moves, dumping PENDLE while accumulating Aerthir (ATH).Hayes caught the attention of the digital assets community today following his endorsement of meme assets PEPE, MOTHER, and MOG, stating that “it’s time for a memecoin breakout.”·FollowArthur Hayes(@CryptoHayes) is calling for […]
McDonald’s Corp. Stocks Elliott Wave Technical Analysis

McDonald’s Corp. Stocks Elliott Wave Technical Analysis

MCD Elliott Wave Analysis Trading Lounge Daily Chart,McDonald’s Corp., (MCD) Daily ChartMCD Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 1DIRECTION: Completion in wave 1DETAILS: Looking for MG1 of 300$ as upside target where we could potentially we a top in wave 1. MCD Elliott Wave Analysis Trading Lounge 1H Chart,McDonald’s Corp., (MCD) 1H ChartMCD Elliott Wave […]
USD/CAD Outlook: Oil Slump Gathers Buying Traction

USD/CAD Outlook: Oil Slump Gathers Buying Traction

The USD/CAD outlook shows a recovery from lows hit earlier in the week. The Canadian dollar fell as oil prices declined, while the dollar was steady after upbeat economic data in the previous session. Oil prices fell on Thursday due to worries of oversupply. The Financial Times reported that Saudi Arabia planned to increase production after […]