SP500 Elliott Wave Analysis
SP500 Elliott Wave Theory in Action

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Archive by author: Peter MathersReturn
April 2023
Over the last week as the market has been moving higher the volume has generally been decreasing, confirming divergence between price and volume and now we are seeing a significant move lower, a possible top is in play, however an impulse wave is required to confirm a turn. Also, not all stocks will turn on the same day. SP500, Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Berkshire Hathaway (BRK/B), Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alph...
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USD is trending lower helping commodities higher. US Bond Yields, Dollar DXY, US Gold, Silver, Copper, Lithium, Nickel, Crude Oil, USO, Natural Gas, UNG.
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Bitcoin is slow churning below 30k, it can move higher in line with tech stocks and the target would be 32,000 in Elliott wave terms, that said technically speaking a top can be in place now, a move below 27,200 would help support the top. Either way the whole market is and has been grinding slowly higher and this is more like the sign of a top rather than a moon shot. Either way, the market is not going to move far from the 30k range that is above below 26500 - 32000 for the next week. Elliott...
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Market Summary expecting further upside for the DAX and FTSE but it will continue to be a slow churn... DAX 40 - FTSE 100 - DXY - GBPUSD - EURUSD
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