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

Our latest analysis focuses on the key global stock market indices, including the S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, and ASX 200, through the lens of Elliott Wave Theory. This approach provides insights into market trends, helping traders identify potential setups for both entry and exit points across these major markets.

Elliott Wave Analysis for Major Indices:

As we approach the upcoming Federal Reserve meeting in just six days, all eyes are on the U.S. economy. The upcoming PPI (Producer Price Index) figures represent the final significant economic data point that the Federal Reserve will consider before making its next rate decision. The market's reaction to this data could set the tone for how the major indices move in the short term.

At present, I am analyzing two possible wave counts for the indices:
1. Wave (2) Low in Place: This scenario suggests that the corrective wave has completed, and the market is now poised to rally higher.
2. Wave (2) Not Yet Complete: Alternatively, there is still room for further downside before Wave (2) concludes.

Currently, I lean toward the bullish scenario, as the price action in leading stocks like Amazon (AMZN) and Microsoft (MSFT) suggests underlying strength in the broader market. However, I remain flexible in my outlook, awaiting further confirmation from key market movements and the PPI data to finalize this wave structure.

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

Analyst Peter Mathers TradingLounge
See previous Video: Elliott Wave Analysis SP500 & More... 

Special Offer  -  Buy 1 Month & Get 3 Months - Bonus Click here tradinglounge.com/341

Related

Australian Dollar / Japanese Yen(AUDJPY) 4 Hour and Day Chart Elliott Wave Technical Analysis 12 October 23

Australian Dollar / Japanese Yen(AUDJPY) 4 Hour and Day Chart Elliott Wave Technical Analysis 12 October 23

In summary, the AUD/JPY Elliott Wave Analysis for 12 October 23, offers insights into the ongoing co...

Read More >
 Learn Current Market Trends and Expert Insights: BRAMBLES LIMITED Stock Analysis & BXB Elliott Wave Technical Forecast

Learn Current Market Trends and Expert Insights: BRAMBLES LIMITED Stock Analysis & BXB Elliott Wave Technical Forecast

Explore our comprehensive Elliott Wave technical analysis of BRAMBLES LIMITED (BXB) on the ASX. Lear...

Read More >
Bitcoin/U.S. dollar(BTCUSD) Elliott Wave Technical Analysis 17 January 24

Bitcoin/U.S. dollar(BTCUSD) Elliott Wave Technical Analysis 17 January 24

Bitcoin/U.S. dollar(BTCUSD) Elliott Wave Technical Analysis dated 17 January 24 with Bitcoin and U.S...

Read More >
The Walt Disney Company(DIS:NYSE) Elliott Wave Technical Analysis 17 January 24

The Walt Disney Company(DIS:NYSE) Elliott Wave Technical Analysis 17 January 24

The Walt Disney Company Elliott Wave Technical Analysis dated 17 January 24, DIS Stock Market Analys...

Read More >
Copper Elliott Wave Technical Analysis: Price Forecast, Key Levels, and Commodity Market Trends

Copper Elliott Wave Technical Analysis: Price Forecast, Key Levels, and Commodity Market Trends

This article provides a detailed Elliott Wave analysis of copper, highlighting key market trends, pr...

Read More >

$1 for 2 Weeks

then $29 a month!

What a Special Offer!

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering 250+ markets:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competitive edge with expert insights and AI-powered Elliott Wave charting into:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Real-time Chat rooms
  • Elliott Wave Algorithm
  • Portfolio tools
  • TradingLevels
  • Screener
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on