Hey, hey, hey.
Whats up followers? Are you all in cryptos still or already started following different, other assets since crypto world turned down? I would be interested to get your answers in commentary below, especially from new market participants who joined this crazy world in finance last year.
Today I will take a look into stocks since this market can be on risk because of recent events.
I am looking at 10 year US note that bounced from the lows in the last two weeks while stocks accelerated to the downside as you know. Ideally move down occurred within wave C on S&P500 chart, where a decline may not be over yet based on recent developments which suggests that bounce from start of April is corrective. In fact, there is also a slow price structure at the moment on 10 year US note, above 120'10, that looks like a wave (B) of an ongoing 3-leg recovery up to 122'00. If that is correct then stocks may see more downside, down 2500 area on S&P500 to be exact, where wave C would be equal to wave A in distance.
Also tensions between US and Russia are definitely not supportive for stocks either.
Trade well,
GH
Whats up followers? Are you all in cryptos still or already started following different, other assets since crypto world turned down? I would be interested to get your answers in commentary below, especially from new market participants who joined this crazy world in finance last year.
Today I will take a look into stocks since this market can be on risk because of recent events.
I am looking at 10 year US note that bounced from the lows in the last two weeks while stocks accelerated to the downside as you know. Ideally move down occurred within wave C on S&P500 chart, where a decline may not be over yet based on recent developments which suggests that bounce from start of April is corrective. In fact, there is also a slow price structure at the moment on 10 year US note, above 120'10, that looks like a wave (B) of an ongoing 3-leg recovery up to 122'00. If that is correct then stocks may see more downside, down 2500 area on S&P500 to be exact, where wave C would be equal to wave A in distance.
Also tensions between US and Russia are definitely not supportive for stocks either.
Trade well,
GH
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👉Explore Our Services @ wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.