A view of the estimated net sales of exchange traded funds shows that the industry has enjoyed very strong estimated net inflows (+$1.229.3 bn) over the course of the first 10 months of 2024.

The current structure follows an impulsive Elliott Wave formation, with wave 5 actively unfolding as part of the broader wave 3.

Given Nvidia’s recent rally and robust long-term outlook, short-term traders might watch these support and resistance levels closely, while longer-term investors may view any dips as buying opportunities.

While the Canadian dollar might do okay against other currencies, it is still going to take a backseat to the US dollar.