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Adobe Gains CorrectionBookmarking this analysis for future reference. Average purchase price: 308. Solid year for the company with new AI integration into products while showing willingness to learn from defeat and flat out purchase Figma, great long term thinking on this one (hopefully the deal gets approved.....when will it get approved?) Markets are correcting tho, and giving back some gains, could be a nice place to start loading up again around 440 to 385ish ......maybe. It's not overly expensive as it's currently trading at 31X PE so I'd think it would not be overly affected.
NASDAQ:ADBEShort
by Thisguy22
SP500 Has An Unfinished A-B-C Structure; Elliott Wave AnalysisSP500 has been bullish most of the year; a trend that can resume after a corrective pullback that is underway now, seen in wave 4 on a daily chart. However, wave 4 should then be made by three waves before correction can come to an end; which is not the case yet, as price action down from 4600 can be ongoing impulse; ideally sub wave 3 of (C) now, so more weakness for wave 5 of (C) is probable to 4300 after a wave 4 pullback that can retest 4400 resistance area.
CME_MINI:ESZ2023
by ew-forecast
1
Emerging Markets Show A Corrective Decline For StocksEmerging markets show a corrective decline for stocks from technical point of view and from Elliott wave perspective. Emerging markets chart with ticker EEM made sharp an impulsive rally at the end of 2022, which indicates for more upside after a corrective a-b-c setback that is actually still in progress since the beginning of 2023. So, for stock market support keep an eye on EEM chart, as they are in positive correlation. With current slow down in the stock market, we can see it finishing wave »c«, but wave »c« has still room down to 61,8% Fibo. and 36-35 support area before market stabilizes.
AMEX:EEMLong
by ew-forecast
USDJPY Wave Analysis Update: Potential for Upside ContinuationHello Traders, The initial perspective I held regarding this pair has been disproven by subsequent market developments. Hence the need for this update. As it stands, given that we don't have a combination, it appears the ABC correction in wave 4 might have been fully formed and we have now seen the smaller degree wave 1 of larger degree wave 5. If this scenario holds true, we might see a corrective downward move to 145.433 - 145.235 to complete smaller degree wave 2 before the continuation to the upside. I will looking to buy at the 145.433 & 145.235 price region while targeting 147.956 in the medium term. Cheers and happy Trading!
Long
by Samuel124
The VIX: A Measure of Market FearThe VIX, or Volatility Index, is a measure of the expected volatility of the S&P 500 index over the next 30 days. It is calculated using the prices of options on the S&P 500 index. A higher VIX indicates that market participants are expecting more volatility in the future, while a lower VIX indicates that they are expecting less volatility. The VIX is an important tool for investors because it can help them understand how risky the stock market is. A high VIX indicates that the market is expected to be volatile, which means that there is a greater chance of large price swings. This can make investing more risky, but it can also create opportunities for profit. The VIX is also correlated with the S&P 500 index. This means that the VIX tends to move in the opposite direction of the S&P 500. When the S&P 500 falls, the VIX tends to rise, and when the S&P 500 rises, the VIX tends to fall. This correlation is not perfect, but it is strong enough to be useful for investors. The VIX can be used in a variety of ways by investors. Some investors use the VIX to assess the risk of their portfolios. Others use the VIX to trade volatility, either by buying or selling VIX futures contracts. Still others use the VIX to hedge against risk in other assets. The VIX is a complex and volatile asset, but it can be a valuable tool for investors who understand how to use it. Here are some additional things to keep in mind about the VIX: The VIX is not a direct measure of the volatility of the stock market. It is a measure of the expected volatility, which means that it is based on the opinions of market participants. The VIX can be affected by a variety of factors, including economic news, political events, and natural disasters. The VIX is not always accurate. It can sometimes overshoot or undershoot the actual volatility of the stock market. Despite its limitations, the VIX is a valuable tool for investors. It can help investors understand the risk of the stock market and make informed investment decisions. I hope this post is helpful. This analysis represents my thoughts at the date it is posted. This analysis does not represent professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information.
CAPITALCOM:VIXEducation
by YExplore
2
SP500 Is In A Higher Degree CorrectionSP500 has been bullish most of the year; a trend that can resume after a corrective pullback that is underway now, seen in wave 4 on a daily chart. However, wave 4 should then be made by three waves before correction can come to an end; which is not the case yet, as the recent bounce to 4492-4543 resistance area looks like a corrective wave, ideally wave (B), so be aware of more weakness after recent turn down. Ideally, wave (C) of 4 is now underway towards the lower side of a summer range. If wave (A) low is not going to be broken then wave four can also become a triangle rather than deep A-B-C drop.
CME_MINI:ES1!
by ew-forecast