Bitcoin Surges, S&P Climbs plus a New Tech Stock High! | Elliott Wave S&P500 VIX Technical Analysis

Rob is back with Elliott Wave analysis for stock, crypto and option traders. He covers key economic reports, including jobless claims and inflation indicators, which have influenced market sentiment. suggest that the Federal Reserve may be less inclined to hike rates in the near term. These are good conditions for stocks and consequently, the S&P500 steadily rising, with projections indicating further gains. Rob also covers the performance of the Dow and the QQQ, highlighting trends and potential breakout scenarios. Additionally, the analysis touches upon the strength of the US dollar and its impact on foreign investment. Bitcoin's significant surge see the crypto consolidating around $62,000 after reaching new highs. Rob also looks at a series of topical stocks including GOOGL and AMD.
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:: Sections in this Video ::
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00:00 - Introduction
00:30 - Market Overview
00:43 - Jobless Claims
01:18 - PCE
02:00 - SPY
04:26 - TNX
05:26 - US Dollar
07:00 - VIX
07:37 - DIA
08:24 - QQQ
09:26 - IWM
11:02 - Bitcoin
12:14 - COIN
13:46 - XLV
15:08 - TSLA
16:08 - GOOG
16:47 - USO
17:39 - AMD
18:25 - EWG
19:21 - Tradefinder
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Rob Roy provides a thorough update on the US market, focusing on key economic indicators and recent market trends. He begins by discussing the latest economic reports, including jobless claims and the PCE inflation indicator, both of which played a significant role in shaping market sentiment.
Despite slightly higher jobless claims, the market reacted positively, with the S&P experiencing upward momentum amidst discussions of potential rate hikes. Rob Roy emphasizes the importance of Elliott Wave projections in analyzing market trends and highlights the benefits of using software programmed to Ralph Nelson Elliott's algorithm.
The discussion extends to the TNX (10-year Treasury yield) and the strength of the US dollar, with Rob Roy providing insights into their implications for the equity market and foreign investment. He predicts a steady decline in rates and analyzes how a strong dollar can attract foreign investment into US equities.
Market volatility is another key topic, with Rob Roy analyzing the VIX and its recent trend. He predicts a potential decrease in volatility if the S&P continues its upward trajectory, providing valuable insights for traders.
Individual stocks, including Tesla, Google, and AMD, are analyzed for their recent performance and potential trading opportunities. Rob Roy provides technical analysis on these stocks, highlighting key support and resistance levels to watch.
The discussion also covers Bitcoin's recent uptrend and consolidation around $62,000, along with insights into other cryptocurrencies like Coinbase. Rob Roy offers his outlook on the cryptocurrency market and identifies key support levels for traders to consider.
The video concludes with a brief overview of foreign markets, particularly the EWG (iShares MSCI Germany ETF), which has seen significant upside momentum. Rob Roy encourages viewers to stay informed and continue learning about market dynamics, inviting them to join future live webinars for further analysis.

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[@SunnySunny-su2tq]

I'm new at this, please how can I reach her?

[@JamesAndrew-ln8pd]

She's always active on

[@JamesAndrew-ln8pd]

[@davdep]

These Markets just want to keep going up, it doesn't matter what the charts say or any negative news , they just keep on going up, it's in lala land.

[@robroy3343]

I believe a lot of people are looking for a pullback and as long as that's true, the market is likely to go higher. Also, I believe that as long as the market is looking for future Fed rate cuts, the market will likely keep a bid under it. If that changes, I would expect the pullback. Thanks for the post!

[@moementum4851]

Appreciate the insight and viewpoints you offer here ,often accurate ,always interesting .

[@robroy3343]

Thanks for the comment and the post!

[@user-yd6xi2uw2k]

Find Elliot wave very good for putting runs and pullbacks into perspective. Thank for the great output.

[@robroy3343]

Thanks for the comment, happy to see those that appreciate EW. Thanks for the post!

[@farleylavett7589]

Great analysis Rob as usual. Markets seem way overdue for some pullback action that was fueled by the NVDA craze and then spread like wildfire.

[@robroy3343]

Thanks for your take. I believe a lot of people are looking for a pullback and as long as that's true, the market is likely to go higher. Also, I believe that as long as the market is looking for future Fed rate cuts, the market will likely keep a bid under it. If that changes, I would expect the pullback. Thanks for the post!

[@WetWillieBBQ]

Thanks for the weekly reviews. Much appreciated.

[@robroy3343]

Thanks and thanks for the post!

[@metoo1231000]

Thanks Rob I appreciate your work

[@robroy3343]

Thanks for the comment and the post!

[@bannistervoid]

Hey Rob! Great show as always. I know you don't usually talk about trendlines but you might wanna mention the one we're hitting on the QQQ's. It's a biggie!

[@robroy3343]

Good thought, will do so. Thanks for the post!

[@yuanyao7801]

Thanks so much for your sharing and analysis! Have a great weekend!

[@robroy3343]

Thanks for the comment, much appeciated!

[@hdevrede]

Thx Rob!

[@robroy3343]

Thanks for the post!

[@bssb936]

Thanks Rob 😊😊

[@robroy3343]

Thanks for the post!

[@r35gtrguy69]

Good as always.

[@robroy3343]

Thanks, much appreciated!

[@Morales_HM]

Thanks Rob.

[@robroy3343]

Thanks for the post!

[@johns3668]

Love when u cover tlt

[@robroy3343]

I'll keep it in the rotation, thanks for the post!

[@ukaszzinkiewicz7132]

hi Rob! Please give us link to website with beta program🤠

[@detailone978]

Give us a review of natural gas, UNG. Great analysis Rob. Thanks

[@robroy3343]

It is time to add UNG back into the rotation. Thanks for the post!

[@obitodd]

Is the Elliot wave charts just for daily time interval ?

[@options17]

My wife and I have really enjoyed your channel! Could you comment on using an anchored weighted VWAP with 3 standard deviations anchored to the previous 3 month period or December 1 of the VIX and the Wave 5 projection to the 10 area? It appears that the upper band is giving a nice time to for reversals around 17.50. Thanks for all you do!

[@robroy3343]

I'll add the VWAP in the future. 3 standard deviations is a lot, but thanks for your take and the post!

[@dashymandm6240]

So according to this theory 4th and 5th wave must have to come? Also so I can by any deep that comes and ride the fifth wave ? Because some people telling this is last wave going higher

[@robroy3343]

When a chart is reflecting a Wave 3, there is a higher probability that the Wave 4 and 5 will occur. Nothing in the world of trading "must" happen I would say. I think the market is very much looking forward to future Fed rate cuts and as long as that is the narrative, the market will likely keep a bid under it. Thanks for the post!

[@ms8172]

Straight up with no pullbacks on a weekly?

[@robroy3343]

Good idea to take a look at the SPY weekly chart, I'll add that in this week!

[@johns3668]

Whats stopping this wave 3 from going to 6000?

[@timkrouse345]

Nothing. Could be a huge B wave.

[@robroy3343]

6000 is a big move, but could happen depending on future Fed rate cuts. My personal opinion, for whatever that is worth, is that once we get to the actual Fed rate cuts, it could be a "buy the rumor, sell the news" situation and we might get the long awaited pullback then. Thanks for the post!

[@robroy3343]

Could be, see my other comment in this chain. Thanks for the post! @@timkrouse345

[@johns3668]

@@robroy3343 would you still see a wave 5 after a pullback in that scenario?

[@russellgreene8310]

GLD got cut off at the end? Biggest day in 2 months

[@robroy3343]

My apologies. If rates continue to drift lower, it should keep a bid under gold. Thanks for the post!

[@briankuczynski4375]

Triangles can break either way when you turn everything into a triangle.

[@robroy3343]

Hmmmm........triangles are pretty specific in their set-ups and in no way do I agree that all patterns can be viewed as triangles. Thanks for the post!

[@davidmteves]

It’s all about those triangles.

[@kevinronnie7891]

C3 AI . Whats you're analysis ?

[@robroy3343]

Haven't looked at that one in a bit, I'll add it into this week's update. Thanks for the post!

[@MrSpandya22]

Record credit card debt is a meaningless statement. It's the debt vs. personal income and that ratio is not a concern. People may have higher cc debt, but they're earning more too.

[@robroy3343]

Good point, however car and home payment ;delinquencies are moving higher and jobless claims finally ticked higher as well. I think that's something to watch as to how long the consumer can continue it's debt spending. Thanks for your take and the post!

[@joeytrubnick]

Sbux, elf, celh

[@dr.ulyssesswlabr6642]

I think Wave 3 will continue to drift higher and Wave 5 will move up to 600+ before all is said and done. Stocks won't meaningfully correct in an election year, but I think BTC might.

[@Bruns14Ever]

I love your videos, but your trend lines are terribly sloppy. For instance Vix did not break the actual trend line connecting the lows.

[@robroy3343]

Fair point. I believe trend lines are highly subjective however and I use them for just general information, hence the view they might be a bit sloppy. Thanks for the post!

[@ramadasa77]

👍🙏🤗

[@robroy3343]

Thanks for the post!

[@johns3668]

Cam you cover mara or riot

[@fluffylolita2271]

RR covered MARA this afternoon (2pm) on The HUBB live update.

[@johns3668]

@@fluffylolita2271 is that on youtube

[@robroy3343]

In respect to people's time, I can't cover all the stocks I'd like to each week. However, please see the comment from fluffy, we talk in detail about MARA often in the live show on the Hubb Financial channel on Friday's at 2pm. I look at it a lot in TradeFinder as well. Thanks for the post!

[@robroy3343]

Thanks for watching the Hubb live show! @@fluffylolita2271

[@georgee1405]

AAPL?

[@robroy3343]

AAPL needs some innovation in my opinion, but I'll add it back into the rotation. Thanks for the post!

[@scottfabyanic3546]

Hola

[@robroy3343]

Hello back at ya!

[@michaelacton6246]

Dont forget fed shut f'n door will be speaking next week possible catalysis next week for a reversal

[@robroy3343]

Thanks for your take and the post!

[@DreamsOfBullRuns]

EW is fake

[@robroy3343]

I'm not sure how a 20 page mathematical algorithm could be "fake." You much then believe all technical analysis is fake and certainly haven't been watching Tradefinder over the past months to see how good the performance has been. Thanks for the post!