Technical Analysis of Stock Market | Breakout OR Bull Trap

Technical Analysis of Stock Market
joehentges.net
In this technical analysis of the stock market video I focus on the S&P 500 (SPX) Elliott Wave picture but also take a look at the Nasdaq 100 Index (NDX) and the Russell 2000 ETF (IWM). We start off with a side by side view of the Dow Industrials and DOW Transports. They are not in sync and that is usually not a good thing.
We follow that with a look at one of my key indicators before checking in on two key China ETFs.
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[@stevehettinger7709]

Breakout. Staying long. No pullback or very weak pullbacks.

[@CodiCox]

Excellent Video!!!

[@joem2699]

Thanks, great analysis!

[@DJCJ227]

I am looking for an Ending Diagonal.
So I agree with you on this is a w3 but looking for a roll over this week to head down in a w4 which will dip into the area of w1 then up for final wave.

[@josephspear4069]

Yeah Joe, I'm feeling the trap coming. Nice little megaphone pattern to eat up the longs and the shorts and then we're on our way again. That's my gut. Cheers!

[@hoshinotanecedryctensaibat9711]

Agreed, btc looks like shit too. This whole new bad news = up, neutral news = up based on obviously delusional FED data is just insane.

[@martyjames6204]

what is a megaphone pattern? thanks

[@UcantBeSerious03]

was hoping to see a mention of the move in copper and silver.

[@viti8347]

Thanks Joe, love getting your updates

[@nickush7512]

Many thanks Joe, always appreciated.

[@ch421249]

IWM D inverse?

[@BasicBrain]

beating for false breakout

[@ch421249]

BABA

[@blackmidnight-xf8su]

👍