• 104 days Will The ECB Continue To Hike Rates?
  • 104 days Forbes: Aramco Remains Largest Company In The Middle East
  • 106 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 505 days Could Crypto Overtake Traditional Investment?
  • 510 days Americans Still Quitting Jobs At Record Pace
  • 512 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 515 days Is The Dollar Too Strong?
  • 515 days Big Tech Disappoints Investors on Earnings Calls
  • 516 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 518 days China Is Quietly Trying To Distance Itself From Russia
  • 518 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 522 days Crypto Investors Won Big In 2021
  • 522 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 523 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 526 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 526 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 529 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 530 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 530 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 532 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

Market Report: Short Term Update Ideas

NDX

As per this weekend's article, I have been tracking a few markets other than my usual SPX/ES Elliott Wave counts, as the ES/SPX has simply been one ugly market.

But the FTSE and DAX have shown themselves to be stars to us and keep us on the right side, we have been using 1272ES as a pivot, but the key has been the NDX.

As you can see this, although not pretty is still fine for an impulsive Elliott Wave count, as I wrote the FTSE and DAX are virtually at their targets.

So whilst I have been struggling with the ES/SPX ideas, there have been other markets that have helped those being the FTSE, DAX & NDX.

NDX
Larger Image


JPM

Looking at the Elliott Wave count of JPM a good case can be made for a new high towards $36.25- $37 and end a [a][b][c] Zig Zag bounce from the lows made on 25th Nov 2011.

Earnings are due soon, so it could be a great reversal setup, as this appears like its setting up to reversal and a "sell the news" set up.

Watching the RSI will also add to clues about the confirmation of a final pop being a 5th wave or not.

JPM
Larger Image

Until next time.

Have a profitable week ahead.

 

Back to homepage

Leave a comment

Leave a comment