24Oct

Elliott Wave Analysis: Major Indices Poised for Potential Upswings Amid Key Economic Data Releases

Elliott Wave Analysis Indices: S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200.

The sharp move lower in Indices is view as Wave ii). It appears the Elliott wave ii) is completed and would be confirmed with the first impulse wave up off the low, which is currently in play.

Elliott Wave Analysis of Indices

  1. S&P 500 (SPX)

    • Wave ii) low appears to be in place.
    • Awaiting confirmation through a completed upward impulse wave.
  2. NASDAQ 100 (NDX)

    • Wave ii) low seems established.
    • Awaiting confirmation with a completed impulse wave moving up from the low.
    • Currently long on 20,300 CTLP.
  3. Russell 2000 (RUT) - IWM ETF

    • Waiting to confirm the Wave (ii) low.
  4. DAX 40 (DAX)

    • Potential for another low.
    • May also move up in alignment with the S&P 500.
  5. FTSE 100 (UKX/UK100)

    • Requires 8,300 as support to confirm a bullish move.
  6. S&P/ASX 200 (XJO)

    • Considering that Wave ii) low is in place, though there is no substantial evidence.
    • An impulse wave higher is needed or support at 8,230.

Financial Events Today

  • U.S. Unemployment Claims
  • Flash Manufacturing PMI
    • U.S., EUR, GBP
  • Flash Services PMI
    • U.S., EUR, GBP

Video Chapters
Comprehensive Elliott Wave analysis for major indices: 
00:00 SP 500 (SPX)
06:48 NASDAQ 100 (NDX)
09:36 Russell 2000 (RUT) IWM ETF
10:17 DAX 40 (DAX)
15:23 FTSE 100 UKX (UK100)
16:53 S&P/ASX 200 (XJO)
21:28 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 

About TradingLounge
https://tradinglounge.com/Blogs
https://tradinglounge.com/About
https://tradinglounge.com/341 (Special Offer)
https://tradinglounge.com/Pricing
https://tradinglounge.com/Learn
LinkedIn:https://linkedin.com/in/petermathers
Facebook: https://www.facebook.com/tradinglounge/
Twitter: https://twitter.com/tradinglounge

 

Related

Elliott Wave Trading Strategies: SP500, NASDAQ, Tech Stocks & Bitcoin Analysis

Elliott Wave Trading Strategies: SP500, NASDAQ, Tech Stocks & Bitcoin Analysis

The SP500, NASDAQ, and key tech stocks are approaching a crucial Elliott Wave phase—Wave iii) of 3 ...

Read More >
VanEck Semiconductor ETF (SMH) Elliott Wave Analysis: Identifying Bullish Trends and Forecasting Future Price Movements

VanEck Semiconductor ETF (SMH) Elliott Wave Analysis: Identifying Bullish Trends and Forecasting Future Price Movements

This article provides an in-depth Elliott Wave analysis of the VanEck Semiconductor ETF (SMH), exami...

Read More >
Euro/U.S.Dollar(EURUSD) Forex : Detailed Elliott Wave Technical Analysis

Euro/U.S.Dollar(EURUSD) Forex : Detailed Elliott Wave Technical Analysis

Elliott Wave analysis for the EURUSD currency pair offers insights into potential price movements an...

Read More >
Enhance your Cryptocurrency Trading with Polkadot Crypto Price News Today Elliott Wave Technical Analysis

Enhance your Cryptocurrency Trading with Polkadot Crypto Price News Today Elliott Wave Technical Analysis

This article provides a comprehensive Elliott Wave analysis for Polkadot (DOTUSD), including price p...

Read More >
Natural Gas Elliott Wave Technical Analysis: Highlighting Commodity Market Trends, Future Movements, and Trading Strategies

Natural Gas Elliott Wave Technical Analysis: Highlighting Commodity Market Trends, Future Movements, and Trading Strategies

This article provides an in-depth Natural Gas Elliott Wave analysis, highlighting recent price trend...

Read More >
British Pound/U.S.Dollar (GBPUSD) Elliott Wave Technical Analysis 8 December 23

British Pound/U.S.Dollar (GBPUSD) Elliott Wave Technical Analysis 8 December 23

Trading Lounge GBPUSD Elliott Wave Analysis Trading Lounge Day and 4-hour Chart for 8 December 23, p...

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