In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of SPX. We presented to members at the elliottwave-forecast. In which, the rally from the 19 April 2024 low unfolding as an impulse structure and showed a green right side tag. Suggested that the index should see more upside extension to complete the impulse sequence. Therefore, we advised members not to sell the index & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below: SPX 1-Hour Elliott Wave Chart From 7.24.2024 Update Here’s the 1-hour Elliott wave chart from the 7.24.2024 New York update. In which, the short-term cycle from the 5.31.2024 low ended in wave 3 as impulse at $5669.67 high. Down from there, the index ma
Over the past few years, Advanced Micro Devices, Inc ($Advanced Micro Devices(AMD)$) has always been a beat or two behind its ostensible cousin Nvidia (with their respective founders being literal cousins). AMD's latest earnings release for Q2 2024 posted modest gains against analysts' consensus expectations by posting revenues of $5.84 billion for the quarter versus an expectation of $5.72 billion and with earnings per share (EPS) of $0.69 (adjusted) versus an expectation of $0.68. The modest gain over expectations indicates that the company's growth was largely predictable and well in line with its ongoing transformation to becoming yet another Nvidia. Trend Drilldown As early as 2021, AMD was driven by being both a long-sta
My Trading Journey to Becoming Profitable with Elliott Wave
My journey to finding Elliott Wave and becoming profitable is a long and sad journey, it took countless losses and blowing up around 10 different accounts over 2 years to finally find an edge in the market. Now 4 years of experience under my belt I can offer some advice to other traders. What follows is my process of finding Elliott Wave theory after a drudging trading career to finally capture profits. I’ll also share some tips and tricks I’ve learned along the way from position management and trader mentality. After leaving the military in 2018 and fulfilling my contract, I was in search of a high-stress exciting job to find a place to stay for years to come. The first thought that came to mind was to be a paramedic, and back in 2020 that was my goal. I began school for a paramedic progr
In this technical article we’re going to take a quick look at the Elliott Wave charts of Soybeans Futures ( $ZS_F ) , published in members area of the website. As our members know, ZS_F has recently given us 3 waves recovery against the 1.36703 peak. The commodity found sellers appeared right at the equal legs zone. Let’s break down our Elliott Wave forecast further in this article. ZS_F H1 Update 07.19.2024 The current analysis indicates that the ZS_F commodity is undergoing a ((iv)) black recovery, which is correcting the cycle from the 1169’6 peak. This recovery appears to be unfolding as an Elliott Wave Zig Zag Pattern. However, the price structure of the correction remains incomplete at this moment. Consequently, we anticipate further upside movement in the nea
$Nu Holdings Ltd.(NU)$ 🤑🚀✨ NU Holdings Ltd: The Fintech Phoenix Rising! ✨🚀🤑 Kia ora Tiger traders! 🚀 Buckle up for a wild ride with Nu Holdings Ltd (NU)! This stock is putting on quite a show and we’re here for every twist and turn. The chart tells a story of resilience and upward momentum that even a mountain goat would envy. Let’s break it down: 📈 Cup and Handle Extravaganza: ☕️🥌. NU has formed a beautiful cup and handle pattern, a bullish signal that’s been executed to perfection. The handle saw a nice consolidation, but NU decided it had had enough of resting and shot upwards like a rocket! 🚀 Breakout Bonanza: After breaking through the $7.27 resistance, NU didn’t look back. The stock continued its upward trajectory, dancing through
$NVIDIA Corp(NVDA)$ Those who sold at 114 and went to short the shares might zero their profit. people who hold might get surprises in the end of today ends with a flying colour rather than a drop. Let's see if there is a surprise at the end of the day ^^
$PROPEL FUNERAL PARTNERS LTD(PFP.AU)$ Please look at my previous post and see the gains from even a few days ago. The stock is magic. Check out my gains now BC!! Thank you so much for your recommendation! @Barcode 💕💗💖💞
Hello everyone! Today i want to share some trading stratgies with you!1.ROIC vs ROCEWhat's the difference? $SPDR S&P 500 ETF Trust(SPY)$ 2.The market cycle of investor emotions:3.The P&L Statement, VisualizedIf you're in business, you MUST understand how a Profit & Loss Statement works.4.Insider selling is mostly noise.Insider buying is mostly signal.Follow me to learn more about analysis!!https://x.com/BrianFeroldi
Earnings Digest | Shares plunged 10.5%, ARM collapsed!
$ARM Holdings Ltd(ARM)$ unveiled its fiscal Q1 2025 earnings (corresponding to Q2 this year) yesterday, and the stock price plunged 10.5% after hours!Q1 report exceeded market expectations!ARM' s revenue was $939 million for Q1, a 39.1% increase year-on-year, exceeding the upper limit of $925 million guidance given by management. Non-GAAP EPS of $0.4, also exceeded the expected $0.36.Looking ahead to FY2025, ARM kept its revenue forecast steady at $3.8 billion to $4.1 billion, and EPS projections unchanged.In summary, ARM's Q1 report exceeded market expectations!But investors had sky-high hopes for ARM, and some metrics fell short, coupled with no uplift in FY2025 guidance, prompting a sell-off.What can you do? ARM's shares have soared 74% this yea
Hello everyone! Today i want to share some trading strategies with you!1. $NVIDIA Corp(NVDA)$ calls working above 110 at the open.. NVDA through 116 can run to 123 by next week. Calls can work above 116 $S&P 500(.SPX)$ breakout above 5500 before FOMC.. up 26 pts so far.. SPX above 5536 can run to 5568+ next $Meta Platforms, Inc.(META)$ lets see if this opens up at 500 by tomorrow2. $S&P 500(.SPX)$$Invesco QQQ(QQQ)$ Fed's Powell Says Asked About September Cut, Says Have Made No Decision; No Decisions About Future Meetings; Broad Sense At FOMC Is We Are Moving Closer; Data
$CRWD VERTICAL 240816 PUT 260.0/PUT 265.0$ Good short term trade reward. Queue using GTC order yesterday at 4.80 but not able to get filled even the price went up to 6.30. Tiger broker really need to fix this issue.
Don't expect any good news, given that FTNT has been the worst performing cybersecurity vendor, coupled with a massive debt, trickling psalms, innovation drought and massive pile up of 'dead wood' executives (literally clueless as how to deal with all the challenges) and with both founders being former CHINA 🇨🇳 born Chinese but now American 🇺🇸 citizen, can't seem to lend any weight in its current situation as well. My take on the direction of the stock is a rapid down trend until it gets acquired or literally go bust.
$S&P 500(.SPX)$ 🚀💸🎉 Powell's Pivotal Pronouncement! 🎉💸🚀 Kia ora Tiger traders! Today's Federal Reserve announcement is a game-changer, and it's time to celebrate my gains! 🥳🍾 I’ll now be looking to trade PUT Options for end of August into September! ‼️‼️ Breaking News! ‼️‼️ The Fed has decided to maintain the federal funds rate in the range of 5.25% to 5.5%. This decision reflects the Fed's confidence in the economy's resilience. Economic activity is expanding at a solid pace, job gains remain robust, and unemployment is low. Although inflation has eased, it remains elevated, prompting the Fed to stay the course [oai_citation:1,The Fed - Meeting calendars and information](https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm)
$MSFT 20240802 415.0 PUT$ Wondering what's wrong with me. So many stocks to choose. I chose this one and enter at quite a high price! Losing time value and low volume are bad combination. [Facepalm]
Dovish Powell Boosts Wall Street; Chinese Stocks Rebound After Weak PMI Data Sparks Stimulus Hopes 🇺🇸 S&P 500: +1.58% 📈 🇺🇸 Nasdaq: +2.64% 📈 🇪🇺 Stoxx 600: +0.80% 📈 🇯🇵 Nikkei 225: +1.49% 📈 🇭🇰 Hang Seng Index: +2.01% 📈 🇨🇳 CSI 300: +2.16% 📈 On Wednesday, U.S. markets generally rose, with the S&P 500 and Nasdaq Composite increasing by 1.6% and 2.6%, respectively, due to a rise in chip stocks and the Federal Reserve holding interest rates steady while hinting at potential easing in September if inflation cools. $Nasdaq100 Bear 3X ETF(SQQQ)$ $Invesco QQQ(QQQ)$ &n
Marvell $Marvell Technology(MRVL)$ Technology has shown resilience in 2024, despite market volatility. Year-to-date, MRVL has achieved a 6.39% return1. While this performance is modest compared to some peers, it reflects stability in a challenging environment. 2. Growth Points and AI Trends: Marvell’s growth points lie in its strategic positioning within the AI ecosystem. Here’s how it compares to other players: Broadcom Inc. (AVGO $Broadcom(AVGO)$ ): AVGO has surged with a 36.85% return year-to-date1. Its diversified portfolio includes AI-related products, benefiting from increased demand for data centres and networking solutions. Micron Technology Inc. (MU $Micron Te