Nvidia Overpowers Inflation Concerns for Stockmarket? | Elliott Wave S&P500 VIX Technical Analysis

Rob Roy's Elliott Wave analysis for stock and option traders shows the S&P pushing on to new Elliot Wave 3 highs. Is this a function of slightly more tame inflation expectations, or is Nvidia (NVDA) overpowering other concerns? The QQQs are showing an Elliott Wave 5 while DIA and SPY are still labelled in Wave 3. Does this mean we're due to see a correction in tech stocks?
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:: Sections in this Video ::
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00:00 - Introduction
00:42 - Headlines
01:18 - SPY
02:38 - NVDA
04:15 - DX-SpotV
05:46 - VIX
07:00 - Dow Jones Industrial Avrg
07:46 - QQQ
08:43 - Russel 2000
11:38 - ARM
13:06 - BN
14:15 - iShares 20 Pls Year Treasury Bond ETF
15:33 - CRWD
16:31 - USO
17:40 - BTC
18:55 - COIN
19:33 - iShares MSCI India Index ETF
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In the KZread video titled "Nvidia Overpowers Inflation Concerns for Stockmarket? | Elliott Wave S&P500 VIX Technical Analysis," Rob Roy provides a market update focusing on Nvidia's impact on the S&P 500 and other indices. Despite concerns over inflation and economic data, the market experienced a notable uptick, particularly driven by Nvidia's performance. Roy analyzes Nvidia's stock movement, noting its significant rise despite initial expectations. He discusses the implications of Nvidia's earnings report and CEO's optimistic outlook on the company's future. Additionally, Roy examines the dollar's impact on global earnings and discusses the VIX's behavior, suggesting potential volatility ahead. He reviews charts of major indices like the S&P 500, Dow, and Nasdaq (QES), highlighting key levels and potential market directions. Roy also invites viewers to engage in discussions and enter a subscription giveaway for access to advanced trading strategies. He encourages participation in Trade Finder sessions, where he covers market analysis and trade ideas, including insights on the Australian market. Throughout the video, Roy combines technical analysis with market commentary to provide insights into current market trends and potential trading opportunities.

Пікірлер: 78

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    @fransakkermans48193 ай бұрын

    Perfect.. also all your buy and sell alerts are spot on. From mid December 2023 onwards I had 15 closed trades. 14 wins, one loss. Average return is46% of the trades. that is a more than excellent performance which I have never seen before from any other membership !!!

  • @sptrsttradr4918

    @sptrsttradr4918

    3 ай бұрын

    Can I ask what level subscription you have? Thanks

  • @user-qn6fw8fg4b

    @user-qn6fw8fg4b

    3 ай бұрын

    Elliott wave your money goodbye

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    @fransakkermans4819

    3 ай бұрын

    Level three

  • @GeminiOneFive
    @GeminiOneFive3 ай бұрын

    Thanks Rob, In the charts that have projected 4 and 5 targets, if it ignores the (4) correction and goes directly to the 5 target, would you then expect it to correct back to the 4 target or reset?

  • @pr51713
    @pr517133 ай бұрын

    Keep up the great work!! Love your Tuesday and Friday night videos!

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    @LuKiSCraft3 ай бұрын

    Appreciate the timestamps & coverage announcement in the beginning of your videos!

  • @wymandyer6261
    @wymandyer62613 ай бұрын

    always a great presentation Rob Roy,,,i always listen for your sentiment and im going to call it,,Guarded and wary

  • @sptrsttradr4918
    @sptrsttradr49183 ай бұрын

    Thanks Rob! I appreciate you covering TLT and if possible, I'd love to see you cover SMH when you can. You are the best on KZread!

  • @gordonburger419

    @gordonburger419

    3 ай бұрын

    Agree, I think the SMH should be a staple on the show. Maybe you can cover ADI? Thanks

  • @BravoMo1982
    @BravoMo19823 ай бұрын

    Good show. It was interesting week so far. I like what Rob said about the VIX Btw: Thank you Rob for highlighting $TLT

  • @davesingh999
    @davesingh9993 ай бұрын

    Thanks Rob, another great overview !!

  • @haven5424
    @haven54243 ай бұрын

    Thank you for the great videos. They always help me see a bigger picture.

  • @vinny1010
    @vinny10103 ай бұрын

    I have 522 SPY and 448 QQQ as targets before we see a pullback, but let's see where we land. Also for the QQQs, I have the Wave 4 as being a complex (rising) pattern

  • @larryevans2806
    @larryevans28063 ай бұрын

    I agree on CRWD. Great report!!

  • @matthewkoury6031
    @matthewkoury60313 ай бұрын

    Great analysis, Rob.

  • @Anthony-qq2hd
    @Anthony-qq2hd3 ай бұрын

    Great video and information

  • @slaptastics1739
    @slaptastics17393 ай бұрын

    Rob....do you ever find the Renko charts to be useful? ......also SLB has a great looking gap fill if there is an oil bounce 💰

  • @borisbulldog
    @borisbulldog3 ай бұрын

    Is their a point on the VIX that gives you indicator on entering a call or put option?

  • @indy1869

    @indy1869

    3 ай бұрын

    * "there". I see so many such instances everyday. Another very common one is "your" and "you're". Seriously, you have only one language. We are fluent in three different languages. I must say, american education really sucks.

  • @willaerley7140

    @willaerley7140

    3 ай бұрын

    Sometimes the speech recognition or auto-correct makes the mistake. I’m not going to belittle you for not capitalizing American.

  • @TimJensen-du3cb
    @TimJensen-du3cb3 ай бұрын

    Love the market!

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    @jeffderocco60253 ай бұрын

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    @sdy75873 ай бұрын

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  • @Meowmeow.age.6
    @Meowmeow.age.63 ай бұрын

    Ideal scenario for me is market goes vertical to 520 then tanks to 465. NVDA another gap up into lala land and go go go toward 910 and I slam it short. I have a starter short position only right now in case it doesn't do the deal and already exhausted the buyers.

  • @willaerley7140

    @willaerley7140

    3 ай бұрын

    Shorting NVDA is tough. Good luck!

  • @jasonpocase9555
    @jasonpocase95553 ай бұрын

    Wonder how much ARM softbank will be selling.

  • @dicksonng8236
    @dicksonng82363 ай бұрын

    Love your analyses. Could I get your thoughts on SMCI and GLD?

  • @racerx2580

    @racerx2580

    3 ай бұрын

    Stay away from SMCI. It's a pump and dump stock for richies. No reason to go from 995 to 830 the next day. Greedy weak assholes in that stock.

  • @johns3668
    @johns36683 ай бұрын

    Hey Rob do you remember if the meltup between January 2020 and March 2020 was a wave 3 or 5? I feel like we are in a similar boat

  • @r35gtrguy69
    @r35gtrguy693 ай бұрын

    Wave 4s get ugly dont they?. Good stuff Rob.

  • @detailone978
    @detailone9783 ай бұрын

    Thanks for your analysis of the market and yes I do like Elliot Wave!

  • @stevehettinger7709
    @stevehettinger77093 ай бұрын

    Could the S&P re-label to a 5?

  • @TimJensen-du3cb
    @TimJensen-du3cb3 ай бұрын

    Good atuff

  • @johns3668
    @johns36683 ай бұрын

    When is this damn wave 4 going to start lol

  • @willaerley7140

    @willaerley7140

    3 ай бұрын

    Yeah, I have a lot of cash on the sidelines too. At least money markets have a decent rate.

  • @stevec8861
    @stevec88613 ай бұрын

    Hard to see an IWM upside breakout with expectation of rates staying high for longer, but stranger things have happened.

  • @humbertovazquez1479
    @humbertovazquez14793 ай бұрын

    👍💯🙏💪☝️👏👊

  • @johns3668
    @johns36683 ай бұрын

    Unusual options from najarians show tlt calls at the june 108 strike being bought in massive quantities 20 thousand contracts for 1.77 each

  • @PEOdysseus
    @PEOdysseus3 ай бұрын

    I hope I win!

  • @TheKarldav
    @TheKarldav3 ай бұрын

    Buy signal spotted

  • @ervjun
    @ervjun3 ай бұрын

    you forgot AMD...you promised

  • @giampierofrischi527
    @giampierofrischi5273 ай бұрын

    Nvidia is way overvalued momentum .... can only take you so far... i think the fed should rise .25 one nore time. Jaja no but really nvidia is like cisco back in the 2006s

  • @willaerley7140

    @willaerley7140

    3 ай бұрын

    NVDA earnings have been great and justify the run. It’s a boom and bust cycle, though. Most tech companies are buying a lot more chips than they need. It’s kind of an arms race as they don’t want their competitors to get ahead.

  • @GoogleHerouxMA
    @GoogleHerouxMA3 ай бұрын

    You guys draw bunch of lines and practically never materialize, what’s the point???

  • @enltpaula3624
    @enltpaula36242 ай бұрын

    I appreciate you and your content < Technical Analysis is good but I find It truly baffling that major crypto youtubers just look mostly at pure T.A and completely ignore the bigger narrative of why BTC is pumps/pumped and why the future outlook will be even rosier than it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. More emphasis should be put into day trading as it is less affected by the unpredictable nature of the market. I have made over 12 Bitcoin from day trading with Coach Brooks Harrison insights and charts his been one step ahead of other analysis….

  • @enltpaula3624

    @enltpaula3624

    2 ай бұрын

    Brooks is active by TE L E G R AM......

  • @user-qn6fw8fg4b
    @user-qn6fw8fg4b3 ай бұрын

    Elliot wave your money goodbye

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