Market Summary

Most major indices and key stocks are currently in the later stages of their Impulse Wave 1. As market trends reach their peaks and prepare for a downward correction, the opportunity to buy the dip will arise. The DAX 40 and FTSE 100 present the clearest Elliott Wave counts to the upside, with both indices approaching or reaching the top of Wave iii). This provides a valuable reference for other indices, aligning with similar wave structures observed in leading tech stocks. For more insights, watch today's stock analysis video.

Elliott Wave Analysis Overview

• S&P 500 (SPX): Wave 1 of (1)

• NASDAQ 100 (NDX): Wave iii) of 1 of (1)

• DAX 40 (DAX): Wave iii) of 1

• FTSE 100 UKX (UK100): Wave iii) of 1

• S&P/ASX 200 (XJO): Wave iii) of 1

Key Financial Events to Watch

• US Earnings Season: Stay updated on corporate earnings impacting market trends.

• US Unemployment Claims: A critical indicator of economic health and potential market shifts.

• President Trump Speaks: Market-moving potential with policy announcements and economic outlook.

Video Chapters for In-Depth Analysis

• 00:00 S&P 500 (SPX) Elliott Wave Analysis

• 04:17 NASDAQ 100 (NDX) Elliott Wave Overview

• 06:45 DAX 40 (DAX) Market Insights

• 11:22 FTSE 100 UKX (UK100) Technical Breakdown

• 17:20 S&P/ASX 200 (XJO) Trading Strategies

• 25:10 Closing Thoughts and Market Outlook

About the Analyst

Peter Mathers - TradingLounge Renowned for his expert Elliott Wave insights, Peter Mathers delivers actionable trading strategies and in-depth market analysis.

Source: TradingLounge.com

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