Elliott Wave Update on Rate Cuts ... Wave 5 Relabels! | Elliott Wave S&P500 VIX Technical Analysis

Rob Roy's Elliott Wave analysis for stock, crypto and option traders discusses the surprising 50 basis point rate cut by the Federal Reserve, its impact on stocks, and potential breakout patterns in the S&P 500 and cryptocurrency markets, highlighting Bitcoin's rise above $60,000. Economic data suggests volatility might decrease, aligning with potential market consolidation, while Tesla continues its upward breakout from a symmetrical triangle. Additionally, the video emphasizes the importance of AI in trading and offers a chance to win a subscription by commenting.

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:: Sections in this Video ::
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00:00 - Introduction
00:27 - US Economic News
02:34 - SPY
05:05 - TNX & TLT
06:25 - US Dollar
07:25 - VIX
08:29 - DIA
09:25 - QQQ
10:21 - IWM
11:20 - Bitcoin
12:17 - ETH
13:18 - UNG
15:03 - GLD
16:23 - SLV
17:15 - USO
18:46 - XLF
20:55 - BHP
22:08 - RIO
23:16 - TSLA
24:11 - INTC
25:28 - TradeFinder Info

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[Simon-talks]

In high school, teachers had to raise their hand to speak to Chuck Norris.

[joaopina]

Very nice job covering the basics. I am sharing this not to brag but to show what’s possible. I’m retired and I have 2 separate portfolios. One is a long term growth dividend portfolio of stocks where i sell covered calls strategically and my 2nd portfolio is the Crypto trading strategy where its all about income. This year I am on pace to make $120K in realized options profits and around $730K in crypto profit... What is great is that my long-term portfolio is still up significantly as well. As such, it’s possible to generate excellent income but still have a total return perspective. ...Amidst this, the insights of a knowledgeable guide like that of Sandy Barclays can be crucial. Her expertise in navigating the nuances of trading has been the key for Me understanding and making the most of these emerging financial trends.

[Buyemsellem]

The first time the algo has put this channel in front of me, quite a decent find!

[jameshodge]

I never really know what scale of Elliot you are talking about. Right here is this wave 5 of what…is this wave 1 of a a bigger wave 5?

[roblake]

Thanks Rob. It's worth noting...thankfully...the FOMC mentioned no plans to stop reducing their balance sheet (effectively continuing QT). I'll spare you my long list of why I think it's too early to do anything more than a token cut and just say inflation (shelter and labor costs especially) is still high, still more jobs than people to fill them. We need a recession to put fear back into the way-too-comfortable workforce. Have you tried to get any work done on your house or car? Everyone is so busy they show up late, charge a fortune, and do crappy work, and tell you about the epic vacation they just took to the Virgin Islands while they do it. In my eyes, the economy is still plenty hot.

[avidtreecare]

Thank you so much for introducing me to Rob Roy's Elliott Wave analysis! I'm grateful for the way his analysis provides clarity on complex market scenarios, equipping traders like myself with the tools to navigate these uncertain times. Thanks again for sharing this incredible resource—it has made a real difference! Keep up the great work.

[carbonvideo]

I've watched for years. Just subscribed to the impulse strategy.

[tkarchesy]

Why are we still looking at TSLA? When NVDA has replaced it as the current has been.

[nimrodr]

Thanks for being the compass to the financial market 😁

[danielfinn]

Great stuff Rob! Would love to win a membership!

[sptrsttradr]

Thanks Rob, great analysis and fascinating market! I scan hundreds of charts every weekend and two that have been showing up on my international ETF scan are QAT and UAE which are ETFs for Qatar and United Arab Emirates. They make me think USO might be going higher...we'll see... appreciate you and Hubb!

[TheJARO]

Thanks for your analysis. It's very helpful.

[iFisher]

Thanks Rob and great sharing as usual.

[EVRangr]

Thanks for the update on the markets. Is NVDA forming a triangle?

[mathewmcbride]

Thanks (as an Aussie) for the BHP and RIO charts!

[igli]

Good stuff but don’t forget Nvda and Amd they could start building momentum into November earnings

[WetWillieBBQ]

How do you know if you're selected for the free subscription? How is the lucky winner notified?

[picknstrum]

The demand for oil has been stable for a while, only supply side has been changing. I think oil will either go sideways or somewhat up in the 70-80 trading range

[philbama]

I thought we actually should have seen the 50bps cut coming. The Fed waited too long to raise, but when they did start raising rates, they did so aggressively, 50bps at a time for several hikes, so why should they be cautious coming back down? They are probably behind the curve again and just following form.

[keving]

thanks great stuff . Doesn't seem like lower rates will help the dollar