Stocks Are Turning Down After Three Wave Rally

E-mini Nasdaq-100 Futures (Sep 2023) (CME_MINI:NQU2023)

CME_MINI:NQU2023 E-mini Nasdaq-100 Futures (Sep 2023)

elliottwaves spx500 elliotwaveanalysis stocks riskoff usyields

US yields are coming higher once again and looks like new high can show up soon, and this is something that is drving the USD higher. Even stocks are coming down this morning, cannot handle the USD strenght anymore so it appears that we ahve some risk-off flows at the moment which can last a few more sessions.

The elliott wave A-B-C rally on SP500, NASDAQ100 and even DAX is not looking good for the bulls.
Grega

Elliott Wave Service
👉 www.wavetraders.com
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