Author Archive: Jeremy Parkinson
SP500 Daily Trade Plan – Tuesday, September 10
In this update we review the recent price action in the emini SP500 futures contract and identify a trading plan and price objectives for the trading session ahead.Video Length: 00:07:19More By This Author:Daily Market Outlook – Tuesday, September 10 SP500 & US500 Daily Trade Plan – Thursday, September 5 Daily Market Outlook – Thursday, September […]
KOSPI Composite Index Elliott Wave Technical Analysis – Tuesday, September 10
KOSPI Composite Elliott Wave Analysis Trading Lounge Day Chart KOSPI Composite Elliott Wave Technical AnalysisFUNCTION: Bullish Trend MODE: Impulsive STRUCTURE: Orange wave 3 POSITION: Navy blue wave 1 DIRECTION NEXT HIGHER DEGREES: Orange wave 3 (started) CANCEL INVALID LEVEL: 2381.93The KOSPI Composite Elliott Wave analysis on the daily chart indicates a bullish trend is present. The market is currently in an impulsive mode, indicating […]
EUR/USD Analysis: Faces Pressure Ahead Of Key Data
The euro is expected to remain under pressure against the US dollar in the near term, but we anticipate volatility around the US inflation report on Wednesday and the European Central Bank’s decision on Thursday. According to reliable trading platforms, the EUR/USD exchange rate recorded a 0.65% decline from peak to close on Friday amid […]
Nansen acquires StakeWithUs, enables direct staking on its platform
Key Takeaways Nansen has acquired StakeWithUs as part of its strategy to become a comprehensive platform for digital asset investments. Over 20 assets are supported at launch, including Ethereum, Solana, Sui, and more. Share this article Nansen, the leading on-chain analytics platform, announced today it has acquired StakeWithUs, a prominent staking service provider. With this […]
Will The US CPI Print Lift The S&P500 Amid Rate Cut Speculation?
The Federal Reserve is on the brink of initiating a rate-cutting cycle, with short-term interest rate (STIR) markets pricing in four full rate cuts by year-end. For this to unfold, one of the remaining three Fed meetings must deliver a 50 basis point (bps) rate cut. As of now, STIR markets assign a 36% probability […]
AUD/USD Forecast: Australian Dollar Continues To Look Lackluster
The first thing I noticed is that the market is running into trouble above the 50 Day EMA. Ultimately, this is a market that I think continues to see a lot of noisy behavior in indecision, mainly due to the fact that the Australian dollar is so highly sensitive to the commodity markets, and of […]
Eichermot Stock Elliott Wave Technical Analysis – Tuesday, September 10
EICHER MOTORS – EICHERMOT (1D Chart) Elliott Wave Technical AnalysisFunction: Larger Degree Trend Higher (Minuette degree, orange) Mode: Motive Structure: Impulse Position: Minuette Wave (iii) Orange Details: Minuette Wave (iii) Orange of Minute Wave ((v)) Navy within Minor Wave 5 is progressing against 4275. Alternatively Intermediate Wave (5) Orange terminated around 5075. Invalidation point: 4275Eicher Motors Daily Chart Technical Analysis and potential Elliott Wave Counts: Eicher Motors daily chart is indicating a progressive Minor Wave 5 of Intermediate Wave […]
New Home Affordability Crisis Enters 28th Month
As of July 2024, the median new home sold in the United States has been above the threshold of affordability for a family earning the median household income for 28 consecutive months. The last month in which the typical new home sold in the U.S. was within the affordable reach of the typical household was […]
Psychedelic Compound-Based Drug Stocks Portfolio -13% W/e Sept. 6th
IntroductionWhile the psychedelic compound-based drug market is expected to triple over the next few years which should create many winning stocks in the years to come, the stocks of the companies involved are having growing pains. Some BackgroundShares of clinical-stage companies developing treatments based on psychedelic compound-based drugs moved lower in early August after the U.S. […]
GBPAUD Forex Elliott Wave Technical Analysis – Tuesday, September 10
GBPAUD Elliott Wave Analysis – Daily Chart OverviewGBPAUD Elliott Wave Technical Analysis Trend: Bearish Mode: Impulsive Structure: Navy blue wave 3 Position: Gray wave 1 Next Direction: Lower levels, navy blue wave 3 in progress Wave Cancellation Invalid Level: 2.00400 Analysis BreakdownThe GBPAUD Elliott Wave analysis on the daily chart indicates a bearish trend. The current mode of the market is impulsive, suggesting strong downward price […]
