28Aug

Navigating Stock Market Indices with Elliott Wave Analysis: SP500, NASDAQ 100, RUSSELL 2000, and More

Stock Market Indices Overview: S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200 - Featuring Elliott Wave Technical Analysis

Elliott Wave Analysis:
In the SP500 and NASDAQ, the Minor Elliott Wave 4 seems to have concluded, largely influenced by stocks like AAPL, NFLX, and NVDA. Smaller markets such as the RUSSELL 2000, DAX 40, FTSE 100, and ASX 200 are closely mirroring the SP500’s movements, with the SP500 pushing higher while the NASDAQ encounters significant resistance near the 20,000 level.

As we noted last week, the market is entering a challenging trading environment characterized by choppy, sideways price action with a gradual upward trend. Under these conditions, there are no clear trading strategies or trend trade recommendations. Instead, it's advisable to focus on smaller positions for scalping opportunities.

Video Chapters 
00:00 SP 500 (SPX)
08:17 NASDAQ (NDX)
11:54 Russell 2000 (RUT) IWM ETF
13:03 DAX 40 (DAX)
16:13 FTSE 100 UKX (UK100)
17:23 S&P/ASX 200 (XJO)
22:39 End

See previous Video: Elliott Wave Analysis SP500 & More...

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