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Core Insights - The article discusses the price predictions for Tesla (TSLA) based on Elliott Wave analysis, indicating a potential price trajectory that includes both lower and higher price targets [1][5]. Group 1: Price Forecasts - The initial price range for TSLA is projected to be between $15 and $200, followed by a significant increase to at least $430, with actual prices reaching $214 and $474 so far [1]. - The Elliott Wave (EW) analysis suggests that TSLA is forming an ending diagonal fifth wave, with specific price targets based on Fibonacci extensions [2]. Group 2: Fibonacci Analysis - The red W-a wave has approached the 138.2% extension level, indicating that the subsequent red W-c wave is likely to reach the 161.8% extension at approximately $520 [4]. - The analysis shows that TSLA has effectively followed Fibonacci-based target zones, achieving a high of $474 and a low of $382, with expectations for the red W-b to complete around $370 [3]. Group 3: Market Indicators - The Money Flow and MACD indicators have shown higher highs alongside TSLA's price movements, suggesting a bullish trend [3]. - The article emphasizes that while the market may not always adhere to typical patterns, it has done so thus far, supporting the expectation of continued price movement towards the ultimate target of $580 [5].

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading activities [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as a recommendation or advice for any financial actions [1]. - The content is not tailored to individual financial situations or needs, highlighting the necessity for users to apply their own discretion [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - Users are encouraged to perform their own research before making investment decisions, especially regarding instruments they do not fully understand [1].

Core Insights - The S&P 500 experienced significant price movements last week, despite a lack of notable events or catalysts driving these changes [1] Group 1: Market Analysis - The narrative surrounding the S&P 500 was described as strangely lacking in significant events or catalysts, indicating a disconnect between price movements and market drivers [1] - Andrew McElroy, Chief Analyst at Matrixtrade, utilizes a proprietary system that incorporates fractals, Elliott Wave, and Demark exhaustion signals, along with macro drivers and market narrative analysis [1] Group 2: Analyst Background - Andrew McElroy has developed a trading system over 15 years that aims to deliver a consistent edge in market analysis and trading strategies [1] - The 'Daily Edge' produced by McElroy provides actionable ideas, directional bias, and important levels in the S&P 500, as well as insights into commodities, stocks, crypto, and forex [1]

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as recommendations or advice for investment actions [1]. - The content is not tailored to individual financial situations or needs, highlighting the necessity for users to apply their own discretion [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - Users are encouraged to perform their own research and understand the risks involved before investing in any financial instruments [1].

Market Performance - The S&P 500 (SPY) experienced a rally of over 2% in the first half of last week but lost most of those gains by Friday's close, indicating a "buy the rumour, sell the news" scenario related to the government reopening [1] Analyst Insights - Andrew McElroy, Chief Analyst at Matrixtrade, has developed a proprietary top-down system that incorporates fractals, Elliott Wave, and Demark exhaustion signals, along with macro drivers and market narrative analysis [1] - The 'Daily Edge' produced by Andrew provides actionable ideas, directional bias, and important levels in the S&P 500, focusing on various asset classes including commodities, stocks, crypto, and forex [1] Investment Strategy - The analysis system has been developed over 15 years and is designed to deliver a consistent edge in trading, reflecting a long-term bullish outlook [1]

Core Viewpoint - The S&P 500 has undergone its longest and largest correction since April, with significant calls and warnings about a potential crash, although some analysts believe the recent peak is not indicative of a market top [1]. Group 1: Market Analysis - The S&P 500 index reached a peak of 6920, which some analysts argue is not a definitive top for the market [1]. - The current market situation is analyzed using a proprietary system that incorporates fractals, Elliott Wave theory, and Demark exhaustion signals, alongside macroeconomic drivers [1]. Group 2: Analyst Background - Andrew McElroy, the Chief Analyst at Matrixtrade, has developed a trading system over 15 years that aims to provide a consistent edge in market analysis [1]. - The 'Daily Edge' is a publication that offers actionable ideas and insights into various market sectors, including commodities, stocks, crypto, and forex [1].

Market Overview - The week began with a significant upward movement in the market, reaching new highs, but reversed lower by Wednesday due to the Federal Reserve's comments dampening expectations for a rate cut in December [1] - By the end of the week, the S&P 500 index had closed lower, reflecting the market's reaction to the Fed's stance [1] Analyst Insights - Andrew McElroy, Chief Analyst at Matrixtrade, emphasizes a proprietary top-down system developed over 15 years, incorporating fractals, Elliott Wave, and Demark exhaustion signals, alongside macro drivers and market narrative analysis [1] - The 'Daily Edge' report produced by McElroy provides actionable ideas, directional bias, and important levels in the S&P 500, as well as insights into commodities, stocks, crypto, and forex [1]

Core Insights - The article emphasizes the importance of conducting thorough due diligence before making any financial decisions, particularly in the context of investments and trading activities [1] Group 1 - The content includes general news and publications, personal analysis, and opinions intended for educational and research purposes [1] - It highlights that the information provided does not constitute any recommendation or advice for investment actions [1] - The article warns that the information may not be accurate or provided in real-time, and prices may be sourced from market makers rather than exchanges [1] Group 2 - The website discusses complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1] - It encourages users to perform their own research and understand the risks involved before investing in any financial instruments [1] - The article states that FX Empire does not endorse any third-party services and is not liable for any losses incurred from using the information provided [1]

EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...