Dear traders welcome back.
As you know each week we have a free webinar, and below is a summary of our latest outlook.
Last week, the US inflation came out at 2.4% combined with resilient jobs and lower unemployment suggest limited scope for further Fed rate cuts, pressuring stocks lower since last Wednesday while supporting potential Dollar stabilisation near 96–95 after a year-long downtrend, with EURUSD and GBPUSD standing out with bearish patterns.
The S&P 500 remains trapped in a dangerous ending diagonal pattern with possible near-term retest of the ATH before a higher-degree correction, amid cautious intermarket signals including corrective phases in metals and crypto. But also we can find some interesting pattern with attractive support zones in stocks such as eBay, Berkshire Hathaway, Meta, and Tesla.
If you enjoy analysis like this, you can get it DAILY on Forex, Stocks, Commodities and Crypto → https://wavetraders.com/elliott-wave-plans/
Key themes include gap importance, Elliott Wave structures across FX, commodities, equities, and cryptos.
For full version and in video format – you can enjoy the video below
Grega
https://youtube.com/live/WDVcUQMSDqw?feature=share
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