Will CPI Report Drive S&P Above KEY Level? | Elliott Wave S&P500 VIX Technical Analysis

Rob Roy discusses the US market, highlighting the breakout of market triangles and the bullish cross in moving averages. He also covers the upcoming CPI report and its potential impact on market direction. Plus up top date analysis of various stocks of interest, including Tesla, Uber, and SLV.
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:: Sections in this Video ::
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00:00 - Introduction
00:31 - US Market Update
02:08 - SPY
01:46 - TNX
02:40 - US Dollar
03:17 - VIX
04:47 - DIA
05:22 - QQQ
06:27 - IWM
07:33- GIVEAWAY!
08:44 - TSLA
10:33 - TLT
12:29 - UBER
13:43 - ULTA
15:00 - DXJ
16:43 - COIN
17:57 - SLV
19:15 - USO
21:14 - TradeFinder
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Rob Roy updates us from Florida in the "EWO US Market Update" on stock trends and economic indicators. The discussion opens with market breakouts from triangular patterns, showing upward trends heading towards wave three highs. Highlighting the significance of the upcoming CPI report, Rob emphasizes its potential impact on market directions, either confirming upward movements or indicating resistance.
Interest rates are discussed, noting the recent decline in the 10-year Treasury yield which relieves some market fears. Rob mentions the Federal Reserve's slowdown in balance sheet reduction, viewing it as monetary easing that supports the bullish market trends. Moving averages show a bullish cross, reinforcing positive market sentiment.
Rob offers technical insights using Elliott Wave theory to predict market movements, pointing out the break in the 10/30 moving averages as a bullish signal. He analyzes specific sectors and stocks, including Tesla and Uber, noting key resistance and support levels. Tesla shows consolidation potential, while Uber's price action hovers around critical moving averages.
Additionally, Rob introduces new web-based Elliott Wave software, enhancing chart analysis and trading decisions. He also discusses market implications of Federal policies and economic reports like the CPI on stocks and bonds.
The update concludes with a call to action for viewers to engage with new tools and resources offered, encouraging comments and participation in ongoing market discussions.

[@AudreyFabien]

It seems everyone is still relying too heavily on the charts now. Imho, when the ETF's stepped into Crypto it changed the game. The Bitcoin Baby has been born and will grow up fast. The Crypto Market now has a rubber stamp of approval. Wall Street is in the game now and It will become the store of value we have been talking about. The rules are already changing. We would have normally had a corrective retrace by now, yet Bitcoin has been steadily rising. The name of the game is getting out with profit, but when exactly to get out this Super Cycle is going to be a tricky one. It's not about guessing the market's next move; it's about playing it smart and steady...managed to grow a nest egg of around 3.4Bitcoin to a decent 18Bitcoin in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@ElenaCanizales87]

I appreciate the professionalism and dedication of the team behind Linda’s trade signal service.

[@joelparkin]

Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.

[@Narwood]

The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.

[@9TobiLytle]

It was quite challenging to understand the different trends on my own until i found out about Wilburn. Trading made easy.

[@SimonPeterDomingo]

What I appreciate about Linda Wilburn. is her ability to tailor strategies to individual needs. She recognizes that each investor has unique goals and risk tolerances, and she adapts her advice accordingly...........

[@karenwilliams9653]

I have followed Tom Lee all last year, and he was right thus far. With SPX above 5000 what assets/sectors will drive the next bull trend. I cashed out before the last dip, now I have less than a 200k to average down with. Any ideas? Should I get into short positions in the remaining Q1 or is it headed higher?

[@TonyRiley-qb7sw]

Don't be in a hurry to get back in. The market needs several days of strong performance to signal that the downturn might be over; It's a time to be largely, if not entirely, in cash

[@zoebakker5211]

Holidays are over, there has been heavy spending for households. I hope the Santa Rally keeps going strong.

[@kendavies8351]

I feel that one. I just bought SOFI, TSLA NVDA, I also included MSFT and ServiceNow, as well as some energy plays like WFRD stock.

[@TonyRiley-qb7sw]

Its unclear which stocks and sectors will continue driving the uptrend. Stay away from readjusting if you do not have guidance from a plannner and investment strategist. My finances have been in order since I got a wealth planner like Monica with large following working for me.

[@zoebakker5211]

Who is this Monica you speak about? I have been searching for an advisor who can direct us on where the economy is headed new year.

[@Nguyenvictory83]

I am so happy that I made productive decisions about my finances that changed my life forever. I am a single mother and I live in Spain, I bought my second house in September and I hope to retire next year at 40 if all goes well. thanks to Karen Cosmann for helping me achieve this.

[@Rodriguezpaul-9]

You trade with Karen Cosmann too? Wow that woman has been a blessing to me and my family.

[@Jessecote875]

That woman has changed my life for good. I attended her investment class couple of weeks last year and she’s the best when it comes for Guidance.

[@Charlottehornets4]

I've heard a lot about her. Please how do I contact Karen Cosmann?

[@Teresalepore019]

I'm happy to see Mrs Karen Cosmann mentioned here, my husband recommended her to me when I was in Germany during Covid, she's amazing.

[@Dederickgeorge]

The very first time we tried, we invested $1700 and after a week, we received $9000. That really helped us a lot to pay up our bills.

[@alri2466]

Your analysis of the market is awesome. Thank you

[@robroy3343]

Thanks for the post, much appreciated!

[@sujidon1783]

Thanks for the hard work Rob!😁

[@robroy3343]

Thanks for the post, much appreciated!

[@Lights_Darks]

Thanks, Rob! Always appreciate your perspective.

[@sptrsttradr4918]

Thanks Rob! I really look forward to your analysis! Traditionally, I never traded into earnings and now I feel like I can't trade into CPI, FOMC, QRA and a whole bunch of other acronyms...LOL...I'm enjoying my AI impulse subscription...bit of a slow start but I'm confident in you and the system!

[@robroy3343]

Yea, the AI was a little quiet during the market consolidation, but as the market breaks out, the scores are getting higher with opportunities emerging. Thanks for your take, the comments and the post!

[@kennethjohnson2055]

I have been watching you for a while, thankyou for all your hard work.

[@robroy3343]

Thank you for watching, your comments and the post!

[@jaredcostley9193]

Just started watching your videos recently and love your approach to trading and the use of Elliot Wave. Thank you for the awesome market analysis

[@ThePowerInYouNow]

Great video, I've been watching for awhile now. Love Elliot Wave!

[@robroy3343]

Thanks for the comments and the post, much appreciated!

[@Anthony-qq2hd]

Thanks for all your information and thoughts.

[@robroy3343]

Thanks for the post!

[@hailusaba8641]

Thanks for your market insights.

[@robroy3343]

Thanks for the comment and the post!

[@gary5782]

Great info on Tesla. Thanks Rob.

[@robroy3343]

Thanks for the comments and the post!

[@mikep.7506]

Great detailed coverage. The AI features look promising 😀

[@robroy3343]

Thanks for your take and the post, I continue to be impressed by the AI results.

[@espkali]

Thanks for the UBER TLT and USO analysis

[@robroy3343]

My pleasure, thanks for the post!

[@gordonburger419]

Love the analysis, I've always been a fib trader.

[@robroy3343]

Glad to hear it, the support/resistance around Fib levels has amazed me for a couple of decades. Thanks for the post!

[@soarersteve7802]

Thanks Rob, I watch your videos every week

[@slimjimmichael]

Thanks Mr Norris 😀 I hope that you have a great weekend 😀

[@robroy3343]

LOL, I always love the Chuck comments! I was getting gas yesterday and held the door for a lady that was leaving the convenience store. As I walked in, she turned around, came back in and said, "You look just like Chuck Norris." I guess because I'm getting older, but it made my weekend! Thanks for the post and have a great weekend as well!

[@jeffirwin65]

Thanks once again Rob

[@robroy3343]

Thanks again for the post!

[@florenciaandre7934]

Great update, thanks Rob!

[@TurnkeyTrading]

can I download HUBB onto my Tradingview charts?

[@dougmoore7130]

Rob, thanks for the updates. FYI you saved me $$$$ on Tesla

[@robroy3343]

Thanks for the comments and the post!

[@gordonburger419]

Love the comments on TSLA and COIN...

[@robroy3343]

Glad to hear it, thanks for the post!

[@larrysmith2608]

Great video. CPI comes in 3.8 or higher we see 480-460 then head to 540s by July

[@robroy3343]

A hot CPI would certainly be problematic for the markets. Thanks for your take and the post!

[@williamlufrano7525]

Awesome analysis!!!! 😍

[@robroy3343]

Thanks for the comment and the post!

[@267drb]

Waited all day for Rob's guidance!!

[@robroy3343]

Thanks for the post, much appreciated!

[@tomano252]

Thanks Rob!

[@robroy3343]

Thanks for the post!

[@c-bob]

Love the balanced view

[@robroy3343]

Thanks for the comment and the post!

[@bssb936]

Great video thanks Chuck 😊

[@robroy3343]

I continue to love the Chuck comments, thanks for the post!

[@patjones4660]

Thanks for the market update.

[@fluffylolita2271]

I bought some SLV and appreciate your guidance. I guess it's sell or buy more depending upon Wednesday's outcome.

[@robroy3343]

Agreed. The CPI report should be a market mover, especially in SLV. Thanks for the post!

[@davidkerbow2291]

You are the best, Rob!

[@raphaelspiegel1181]

New to this channel love it great stuff👍🏻

[@robroy3343]

Welcome! Thanks for the comments and the post!

[@Morales_HM]

Thanks Rob.

[@robroy3343]

Thanks for the post!

[@logeaux]

Thanks

[@robroy3343]

Thanks for the post!

[@jasonpocase9555]

Thanks Rob

[@robroy3343]

Thanks for the post!

[@briankenner1118]

Thank you

[@robroy3343]

Thanks for the post!

[@peterpetrovitch9833]

Rob thank you

[@robroy3343]

Thanks for the post!

[@utubeusercheck]

Thank you Rob

[@haldx]

Great video, thanks. Can you analyze nat gas ?

[@robroy3343]

People are actually talking about UNG again, I'll add that one in this week. Thanks for the post!

[@bahmansepahbodi2001]

Awesome video

[@robroy3343]

Thanks and thanks for the post!

[@mikesullivan5219]

I just recently subscribed to your podcast and I enjoy the content as I like the study of Elliot waves. I will try the free HUBB download! Are waves categorized... example Cycle subdivided into Primary, then labeled Intermediate, Minor, Minute, Minuette, and Subminuette? Also does the software show motive waves, impulse, extension, truncation, ending and leading diagonals? Corrective waves, zigzag, flats, triangles, and combo double and triple 3, orthodox tops/bottoms? I see examples of many in your charts with fibonacci retraces and targets.....just wondered about this and the categories of the nine degrees of waves?

[@pihappyfamily]

great review thats a must view every week. could you also cover BTC in your regular review too? Thanks!

[@robroy3343]

I look at BTC quite often, I just haven't included it while BTC is in this time of consolidation. It will be back however! Thanks for the post!

[@EquityReg-dy4yf]

Great info, thank you. What are your thoughts on IRBT? As a business, the future looks bright (I think).

[@robroy3343]

I will add that one in this week. Thanks for the post!

[@justinwerner4711]

Chuck Norris kicks ass. Rob Roy kicks the market's ass. 😁

[@robroy3343]

LOL, I always love the Chuck comments! I was getting gas yesterday and held the door for a lady that was leaving the convenience store. As I walked in, she turned around, came back in and said, "You look just like Chuck Norris." I guess because I'm getting older! Thanks for the post!

[@PixelLulu]

Thanks for the update. Can I ask if you have heard of David Hunter's "everything melt up" theory and if this is considered in your analysis?

[@robroy3343]

I have heard of it, but I can't say that it is included in my technical system. Thanks for the post!

[@PixelLulu]

@@robroy3343 🤜🏻🤛🏻

[@williewest5574]

Thx for covering silver

[@robroy3343]

My pleasure, thanks for the post!

[@jjr6461]

I'm interested trying out the software. Also what are your thoughts on the AMD stock?

[@investmentmadeeasier1875]

Thx Rob....The Dow gapped higher at today’s open and rallied to 39,579.80 intraday, filling its last remaining open gap at 39,566.80 from 1st April........so maybe that's the post 17 April rally finished?

[@robroy3343]

Filling the gaps, approaching resistance and a big CPI report on tap......should be an interesting week! Thanks for the post!

[@cafepalma]

Looking forward to see what SLV does

[@robroy3343]

Me too! Thanks for the post!

[@r35gtrguy69]

Good stuff !.

[@robroy3343]

Thanks and thanks for the post!

[@Options-zj1vm]

Would you explain the thesis behind the MAs you use? Why 10 and 30 instead of the 5,9, 20 that are most common? I have heard about 5/13 cross overs for long or short trades. Which cross overs do you consider more spot on?

[@robroy3343]

I use the 10/30 MVA's as a lot of floor traders over the years have told me that's what they look at. I like the shorter term 5/13 crosses as well as those are both Fib numbers. I think the answer to your question is whether or not you are looking for shorter term moves or more interested in what could be the entry for slightly longer term directional trades. Thanks for the question and the post!

[@jaredcostley9193]

Do you think Silver will keep trending upward or is a pull back more likely?

[@denisabrahams1591]

Weekly Bitcoin chart vs daily chart: unless I am misinterpreting the charts, the weekly Hubb EW software is indicating a deteriorating trend to 4500 by late october vs an uptrend in the daily charts to 8100 by late july. Both RSI and DMI are weak. Which do you trust more?

[@robroy3343]

I think the challenge here is that we are "post halving." Those that have more expertise on BTC than I do tell me this is normal. When any security goes through consolidation, the technical indicators all tend to weaken. I think we wait for a breakout and go from there. Thanks for your question and post!

[@picknstrum]

How does health care sector XLV look from technical perspective?

[@robroy3343]

I'll try and add that one in next week. Thanks for the post!

[@debraaschultz3245]

Could you look at EWJ?

[@debraaschultz3245]

Could you also look at RIVN. I was wondering if the downtrend in TSLA is affecting other Electric Vehicles? And other transportation tickers, GM?

[@phil4bama]

Mr. Roy, why do you call your Florida residence the “dragon capsule?”

[@robroy3343]

In Florida, my residence is near the space center. I'm surrounded by 5 monitors which reminds me of the inside Space X's dragon capsule. Thanks for the post!

[@GeminiOneFive]

Is this price usually maintained when it floats higher on Low volume? Or if this double tops, are we more likely to see an "M" pattern instead?

[@robroy3343]

Great question. The quick answer is that either is possible. However, it is important to note that many new Impulse moves start on low volume. If we have a tame CPI number this week, I think we could see a break above that previous Wave 3 and more volume will kick in. Of course if the CPI number is hot, we could certainly double top. Thanks for the post!

[@GeminiOneFive]

@@robroy3343 It's Never simple ... zigs when it should zap. these markets aren't making a lot of sense

[@Eastbayrob]

What chart are you looking at for Yen? Yen has been down all year /6j has had a couple little pops the last two weeks but it has been falling all year.

[@robroy3343]

I that depends on what the Bank of Japan does in the future. They have moved off the long term "zero to negative rates" thesis. Will they continue to raise rates? It remains to be seen. Thanks for the post!

[@Eastbayrob]

@@robroy3343 I’m long Yen via /6j yen for me it’s just a pot odds play I see more potential upside than downside especially with the BOJ intervention.

[@yongutsa]

Rob, I need your help!

[@robroy3343]

I do my best each week! Thanks for the post!

[@willaerley7140]

The strength in utilities and consumer staples is a bit worrisome. I’m playing it cautious.

[@robroy3343]

Agreed! Thanks for your take and the post!

[@danklein1932]

Where is PINS headed? Does it need to fill the gap down here soon?

[@willaerley7140]

My opinion is no. Usually when a stock gaps up big on earnings, it holds above the gap and consolidates. If the overall market tanks, then who knows?

[@robroy3343]

"Does it need to fill the gap soon?" No. That's the issue regarding gaps. Data suggests that the majority get filled, but there is no rhyme or reason to the time frame. PINS is overbought short term, but could just consolidate in a trading range without filling the gap in the near term. I'll try and include it this week. Thanks for the post!

[@smc30]

Didnt Cleveland Fed made projections already? Cpi reading will be stagnent in Apr. And projected to move slightly higher in May. Historically the projections r not too far off actual results.

[@MaheshMalaviya]

since vix has only a little room to the downside - I find it difficult to decisively long spx for now.......

[@robroy3343]

A low VIX is certainly worrisome going into the CPI report. The VIX has been lower in the past, so an even lower VIX is possible, but I think that CPI will tell us a lot. Thanks for your take and the post!

[@dudewheresmyguitar21]

“How to invest in a euphoric speculation bubble”

[@robroy3343]

That's what an extreme liquidity injection will do. Now the Fed seems intent on slowing the reduction of liquidity heading into the election......so we'll see. Thanks for the post!

[@MikeMike-gu1rp]

Been Waiting for Silver and Slv to go Above $30 for 13 Years Now!!!

[@robroy3343]

LOL, I hear that! Thanks for the post!

[@humbertovazquez1479]

👍💯🙏💪👊👏☝️

[@robroy3343]

Thanks for the post!

[@johns3668]

Bitcoin is going to 45k at least

[@robroy3343]

It's possible, thanks for your take and the post!

[@jerrybroadway4535]

this is interesting to see if the fed play politics

[@johns3668]

Bitcoin stocks riot mara clsk already breaking down coin next

[@robroy3343]

Could be, but so far we are just in a consolidation period post-halving. We shall see. Thanks for your take and the post!

[@MatthewJacob-dv2bw]

I'm all for anything for free. Like I always say "If it's for free... Give me 3"

[@Notaslave1961]

Trunkation of the Fifth.

[@robroy3343]

Could be. I think we'll know more this week. Thanks for your take and the post!

[@richerears1024]

Hope I win.

[@robroy3343]

Best of luck! Thanks for the post!

[@TempleMark]

Thank you for the content!! All we need is the right advice on how to invest in crypto and we will be set for life, I made over a million dollars from trading this year regardless of the market conditions😊

[@LindaTheodore-bs9ex]

I've been investing in Bitcoin by myself. I'm not really happy with what's going on, just few weeks ago I lost about $7,000 in a particular trade. Can you help me out or at least advise me on what to do?

[@TempleMark]

I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance

[@TempleMark]

from my personal financial advisor

[@StephenTownsend3]

YES!!! That's exactly her name (BRISA RICHARDSON ) so many people have recommended highly about her and am just starting with her from Brisbane Australia🇦🇺

[@sonmi920]

I have heard a lot of wonderful things about Brisa Richardson on the news but didn't believe it until now. I'm definitely trying her out

[@martinukask]

How vix wave 4 can be lower than waves 2 and 1 ? 😂 such a nonsense

[@kevinVersus]

Thanks Chuck!