All Time High ... Elliott Wave Algorithm Targets 5000 | Elliott Wave S&P500 VIX Technical Analysis
Elliott Wave Options Elliott Wave Options
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 Published On Jan 19, 2024

Rob Roy's Elliott Wave Analysis for Stock and Option Traders reveals that despite poor home sales data, the market pushed higher in an Elliott Wave 3 to make new highs. He confirms that the Elliott Wave algorithm in his software is suggesting a further move to 5,000 on the SPX and 500 on the SPY!

The discussion touches on interest rates (TNX), suggesting that recent moves are likely a corrective bounce from a larger downward trend, which could benefit the equity and housing markets. The US dollar's (USD) performance is analysed, with a broad range mentioned and the potential impact on multinational companies and the equity market. The VIX (volatility index) is discussed, with hopes that it might break below the 13 level if Spy continues its upward trend. The video briefly covers Bitcoin's recent price action, including expectations of a move above 50,000 and the significance of support levels. The performance of Coinbase is mentioned in relation to Bitcoin ETFs and the 61.8% correction level.

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:: Sections in this Video ::
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00:00 - Introduction
00:13 - Market Update
00:41 - Home Sales
01:30 - S&P 500 ETF
04:46 - 10 Year T-Note Interest Rates
06:25 - DX-SpotV
07:58 - VIX
09:04 - BTC
09:52 - COIN
12:03 - BMY
13:43 - BA
15:23 - TSLA
16:38 - NVDA
18:40 - Vaneck Semiconductor ETF
20:15 - QQQ
21:23 - USO
22:45 - iShares MSCI India Index ETF


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