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Elliott Wave View: CADJPY Has Reached Area Where Pullback Can Happen

Elliott Wave View: CADJPY Has Reached Area Where Pullback Can Happen

Image Source: PixabayCADJPY has already reached the extreme area from 8.5.2024 low. This suggests that pair is in the zone where it can start to see a pullback soon. Shorter cycle structure however looks incomplete and pair can see further upside a bit more. The rally from 9.30.2024 low is currently in progress as a zigzag Elliott […]
Michael Saylor says he supports Bitcoin self-custody for all amid community outrage

Michael Saylor says he supports Bitcoin self-custody for all amid community outrage

Key Takeaways Michael Saylor reverses his stance on Bitcoin self-custody, now supporting it as a fundamental right. Criticism from industry leaders influenced Saylor’s revised position. Share this article Michael Saylor said he advocates for Bitcoin self-custody as a fundamental right after his bank custody proposal sparked outrage among crypto community members.In an attempt to clarify […]
This Rug Pull Strategy Could Make Us A Fortune

This Rug Pull Strategy Could Make Us A Fortune

Image Source: Unsplash   Woah, what a move today!  Markets got the “rug pulled” out from underneath them today…Big moves like these give us plenty of ways to make money – here are (3) “Rug Pull” trades on my radar!Emini and Nasdaq both made BIG MOVES lower today…We’re overall bullish on the 60min – combine that […]
Financial Markets Report For Wednesday, Oct 23

Financial Markets Report For Wednesday, Oct 23

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, October 23.Video Length: 00:12:07More By This Author:Metal Markets Report For Tuesday, Oct 22Financial Markets Report For Tuesday, Oct 22Metal Markets Report For Monday, Oct 21
Stocks Finally Break The Stalemate As Rates Climb

Stocks Finally Break The Stalemate As Rates Climb

Image Source: PexelsStocks moved lower as Nvidia (NVDA) faced rising implied volatility and a bearish technical setup. More importantly, the S&P 500 broke the rising wedge pattern we’ve been monitoring for some time. As of now, we’re seeing the effects of last week’s bearish engulfing pattern. Remember, I mentioned last week that, based on past behavior, it can sometimes take a week for these patterns to […]
Elliott Wave Analysis Of Indices For Thursday, Oct 24

Elliott Wave Analysis Of Indices For Thursday, Oct 24

Image Source: PixabayElliott Wave Analysis Indices: S&P 500, Nasdaq 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. The sharp move lower in Indices is viewed as Wave ii). It appears the Elliott wave ii) is completed and would be confirmed with the first impulse wave up off the low, which is currently in play.Elliott Wave […]
Wall Street Gripped By Election Anxiety

Wall Street Gripped By Election Anxiety

Image Source: PexelsMARKETSStocks continue to feel the pressure from the bond market sell-off as the hawkish repricing of the Fed curve forces investors to rethink their expectations for aggressive rate cuts. Over the past month, Treasury yields have steadily climbed, with traders recalibrating their outlook on the Fed’s policy trajectory. However, the recent spike in yields—driven […]
DJIA On Cusp Of Correction As 30-Year T Bond Yield Hits 4.52%

DJIA On Cusp Of Correction As 30-Year T Bond Yield Hits 4.52%

Image Source: PexelsThis article is a follow-up to my last article on TalkMarkets: Caution, DJIA Price At Premium To ValueOn Friday, October 19, 2024, the DJIA closed at a record 43,276, exactly 4,900 points or 12.8% above its Dividend Discount Value (DDV) of 38,376. On October 3, 2024, I cautioned that the DJIA price at 42,330 was at an 11.1% […]
Evening Aftermath

Evening Aftermath

Image Source: PexelsThis is, at last, the first interesting evening of earnings in this cycle, and Tesla (TSLA) is knocking the doors off, with a lift-off of about 7% based on strong earnings. This would completely seal the gap from October 10th.Lam Research (LRCX) is likewise enjoying a rally.In sharp contrast to this, International Business Machines (IBM) is tumbling, presently down […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Oct 24

Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Oct 24

Today’s trade was an excellent example of what happens in a market when the volatility triggers, put walls, and large gamma levels are broken. I’ve discussed it on several occasions and today we saw the effect in motion as wave after wave of selling brought the indexes down. Both the NQ and ES reached support […]