Peter Mathers
TradingLounge
S&P 500, INDEXSP:DXY USD, .INX, NASDAQ-100, INDEXNASDAQ: NDX, Russell 2000 RUT. Dow Jones Industrial (DJI) Elliott Wave Technical Analysis and Trading Strategies.
US Stock Markets News Today: Stocks close mostly lower, selling volume pressure continues
Elliott Wave Market Summary: Volume andElliott wave suggest further downside
Elliott Wave count: Tracking an Impulse wave (five waves) down from the top. Today I give equal weight to the bearish and bullish arguments
Day / Trend Trading Strategies: See video for the the short trade set ups.
All of the videos on this channel are produced Everyday on TradingLounge
Video Chapters
00:00 S&P500 / DXY USD
20:54 NASDAQ 100 (NDX)
22:55 Russell 2000 (RUT)
24:11 Dow Jones (DJI)
25:51 TRIAL Buy 1 Month Get 3 Months
Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence – AFSL 317817
Source: tradinglounge com
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EUR/USD is consolidating the latest gains below 1.0600, in the early European morning on Friday. The US Dollar extends weakness alongside falling Treasury yields amid a tepid risk sentiment. Investors await the US PPI and inflation expectations data for fresh cues.
GBP/USD is heading toward 1.2300, staying on the front foot for the third consecutive day on Friday. The Cable capitalizes on weaker US Dollar and Treasury yields amid mounting US recession fears. US economic data are eagerly awaited.
Gold price recaptures a 200-Daily Moving Average on the road to recovery. US Dollar extends decline with Treasury bond yields ahead of top-tier United States data. Gold price targets multi-month highs above $1,800 amid a bullish daily technical setup.
Ethereum (ETH) price shows a strong comeback as it follows in Bitcoin’s footsteps. However, there seems to be another cause why ETH has a higher probability of continuing this uptrend – the Shanghai hard fork.
The University of Michigan's Consumer Sentiment Index stood at a low level of 56.8 points in November, and economists expect another slide to 53.3 in the preliminary read for December.
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