17Jan

Elliott Wave Analysis: S&P 500, NASDAQ 100, DAX 40, FTSE 100, ASX200 Trading Strategies

PeterM | 17 Jan, 2024 | stock market, forecast, March 2024, S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200, Elliott Wave Analysis, market trends, financial projections | Indices | 0 Comments | Return|

Market Update: S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200 - Elliott Wave Analysis

Brief Overview: My current projection suggests that the stock market is poised to reach its peak in approximately two and a half months. This assessment is based on the discernible wave counts observed in prominent stocks such as Nvidia and Meta Platforms. Anticipating a reaction from the SP500 around the 5000 mark, we can expect an upward surge, marking the culmination of Wave (5) of 1). Both the Nasdaq and SP500 are likely to hit their respective peaks simultaneously within the March 2024 timeframe.
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