Elliott Wave Trading Education

Archive by tag: risk-onReturn

01Aug

Elliott Wave Analysis: AMZN Earnings and FOMC Signal Bullish Moves for SP500 & NASDAQ

PeterM | 01 Aug, 2024 | Elliott Wave analysis, SP500, NASDAQ, AMZN earnings, FOMC announcement, trading strategies, risk-on, retracement dip, Wave ii, European indices, Australian indices, trading levels, abc Elliott patterns | Indices | 0 Comments |

In the recent Elliott Wave analysis, a combination of Amazon (AMZN) earnings, ADP employment figures, and the FOMC announcement has concluded the corrective Wave (4) pattern for the SP500 and NASDAQ, signaling a bullish market shift. This analysis suggests a "risk-on" sentiment, particularly noting a potential retracement dip during Thursday's trading, which could set up favorable conditions for long trades. The same bullish outlook extends to European and Australian indices. Trade...

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