The SPX bounced 3.5% higher yesterday to complete wave 4 of the expanded flat wave C and reversed course on a hawkish FOMC. Although it managed to close 1% higher, it’s already registered a 2.5% loss intradasy. Is this the beginning of wave 5?
GOLD plummeted along as dollar soared on hike expectations, losing more than 1.60% of its value and trading 0.50% lower already. With wave B of this triangle’s wave (E) likely donew, can the next leg down stop and reverse, or will it signal the invalidation of the correction patern?
AUSSIE had a similar path to equiites and the SPX500. It rose nearely 1% yesterday but then turned bearish, closing 0.50% lower. Seems like wave (B) is in now and markets can continue to descend impulsively in wave (C) as they have already plunged an extra 0.75% today.
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Daily Elliott Wave Forecast: SPX500, GOLD, AUDUSD (27.01.22)
The SPX bounced 3.5% higher yesterday to complete wave 4 of the expanded flat wave C and reversed course on a hawkish FOMC. Although it managed to close 1% higher, it’s already registered a 2.5% loss intradasy. Is this the beginning of wave 5?
GOLD plummeted along as dollar soared on hike expectations, losing more than 1.60% of its value and trading 0.50% lower already. With wave B of this triangle’s wave (E) likely donew, can the next leg down stop and reverse, or will it signal the invalidation of the correction patern?
AUSSIE had a similar path to equiites and the SPX500. It rose nearely 1% yesterday but then turned bearish, closing 0.50% lower. Seems like wave (B) is in now and markets can continue to descend impulsively in wave (C) as they have already plunged an extra 0.75% today.
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
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