Markets are making sense during this pandemic cycle. Using the Elliott Wave theory is key to reduce bad trades and make more out of the ones that work. Remember, we do not have to be right all the time, but when we are correct, we need to squeeze the trade as much as possible. And cut the losses quickly.
The SPX500 seems to need a lower low before we think on a bounce, while the Aussie wants to move south. USD/CAD could be interesting to look up for a short setup. Here is the weekly video with more insights.
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