No serious attempt to close the bullish gap yesterday, and triple witching ahead today into reasonably good S&P 500 market breadth.

AUD/USD edges higher towards the top of a long-term range. Momentum is diverging bearishly with price, however, suggesting a risk of a pullback evolving.

On the daily chart, we observe this corrective structure unfolding at the primary wave degree. Wave A reached its conclusion at $1,249 in October 2023, followed by Wave B, which peaked at $1,398 in November 2023.

The euro is trading near $1.12, the strongest in three weeks, benefiting from the overall dollar weakness after the Federal Reserve cut interest rates by 50 bps.

SOL joined the recent crypto market pump after climbing 10% on Thursday. SOL’s price broke above a key resistance level, reigniting the bullish sentiment among investors who believe the cryptocurrency is soon poised to reclaim higher targets.

The US Dollar consolidates on Friday after weakening further on Thursday. Traders have repriced the US Dollar amidst the Bank of Japan and Bank of England’s decisions to keep rates on hold.

The Bovespa Index is in a corrective phase within gray wave 2 after the completion of gray wave 1.

HSBC stock price has soared by over 200% from its lowest point in 2020. The company is continuing with its turnaround efforts under Georges Elhedery. It expects to merge global banking and markets with its commercial banking.

The US dollar remained fragile on Friday after the FOMC policy meeting on Wednesday. Data on Thursday revealed that US unemployment claims fell significantly. The Bank of England kept interest rates unchanged on Thursday.

The week is winding down and the US dollar is mostly consolidating against the G10 currencies. Two exceptions stand out. First, sterling is the only G10 currency higher on the day.

AUD/USD grips gains above 0.6800 as investors see one more large Fed interest rate cut. Investors await Fed Harker’s speech for fresh guidance on interest rates. The RBA is unlikely to cut interest rates this year.

Looking for ATHs within wave (5) above 300$ which is Trading Level3, at which point we could either complete (5) or 1 of (5).

However, the mixed reactions in extended trading—FedEx’s 11% tumble after lowering its earnings forecast, contrasted with Nike’s 7.6% gain on leadership news.

Nike announced a major leadership change, with longtime company veteran Elliott Hill replacing John Donahoe as CEO effective October 14, 2024.

The AUD/USD pair has climbed to a new peak, reaching 0.6815, marking the highest level since 28 December of the previous year.

The GBPUSD pair is in a robust bullish trend, driven by the impulsive Gray Wave 3. With Gray Wave 2 now completed, the market is advancing into Gray Wave 3 of 3, which indicates strong upward momentum.

EUR/JPY recovers to near 160.00 in Friday’s early European session, gaining 0.45% on the day. BoJ’s Ueda said central bank will keep adjusting the degree of easing if our economic, price outlooks are to be realised.

As you can see during the trading session on Thursday, it was a positive session, breaking well above the $70 level and it now looks like we could threaten $72.50.

The top 10 positions in QQQ constitute almost half of its total weight. Although current tech leaders may have become too pricey two Invesco Nasdaq ETFs target future tech leaders: QQQJ and QQQS. Both have "Buy" ratings from ValuEngine.

The ((iii))-navy wave looks to be unfolding to push higher, while price must remain above 91.11 to maintain this view. I will look for a Long Trade Setup once we have support at the Major Level 100.00.