Today we have a holiday in the USA and Canada; markets are likely to be slow and choppy with low volume. However, there are some interesting trading setups. One of many benefits of using the Elliott Wave theory is to plan trades with enough time before entries.
This week one of our favorites is the GBP/USD. We are finding a buy entry, while the SPX500 could be doing one more leg down before resuming a bullish trend, and the US BOND is going down, giving a heads up for the possible SPX500 bullish move.
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