It will be a long term threat for the software industry, this fear is reflected in Microsoft 21% decline from its all-time high. But right now the S&P 500 is rebounding, I believe it is the last leg up, the trend in the S&P 500 will turn down as the rotation out of technology continues. The S&P 500 is forming an expanding triangle [(i),(ii),(iii),(iv),(v)] inside the last move up. The FTSE 100 is more resilient than the S&P 500 because it is not sensitive to technology $FTSE #FTSE $SPX #NASDAQ100
Remember that all empires come to an end; the American empire is next. When an empire is on the verge of collapse, it goes to war
youtu.be/xguam0TKMw8?si=6sdJ…
The End of Recessions is Closer Than You Think ft. Jordi Visser youtu.be/3gK-TQoZqfQ?si=tUkG… via @YouTube
Hedera $HBAR was going down at the start of the year, then we saw a decent bounce above 0.22 in May. I think this bounce is a pause in the downtrend, the latest decline is in five waves [i,ii,iii,iv,v]. A five-wave decline means more downside after a small bounce for wave (b). We should get a bounce followed by another wave down, the target is near 0.12 #elliottwave #Hedera
Update $NVDA
This is the most probable scenario, a rally near 165. Rallies don't end in three waves, that's the clue. From the bottom of wave (4) the rally is in three waves [1,2,3]. From the low on 31 October the rally is in three waves. Some argues that the low on 31 October is the first point on the neckline of a potential head and shoulders pattern. The second touch of the neckline occurred on 27 November but this could also be the bottom of the first leg inside wave 4. The decline is probably wave 4 in three waves in which case the next move is wave 5 up. The rally is not an impulse wave because wave 4 overlapped wave 1, the pattern is rising trend channel, the target is the upper line near 165 #Nvidia
EUR/USD: A new five-wave advance [(1),(2),(3),(4),(5)] started, wave (3) is underway in five waves [1,2,3,4,5] and wave 1 will be in five waves [iC,iiC,iiiC,ivC,vC]. Wave iiC ended at 1.0459, the next move is wave iiiC up, this move is underway in five waves [(i),(ii),(iii),(iv),(v)]. Wave (iv) is complete, the next move is wave (v) up inside wave iiiC, the target is 1.0730 $EURUSD #EURUSD








