Trading Strategies & Elliott Wave Technical Analysis: S&P 500, NASDAQ 100, DAX 40, FTSE 100, ASX 200

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Elliott Wave Technical Analysis & Market Strategy Overview:

Market Summary:
The DAX, FTSE, and ASX are currently leading the markets higher, while the S&P 500 (SPX) and NASDAQ 100 (NDX) initiate impulsive moves from recent lows, identified as Wave 5 of (1). Short-term day traders should maintain long positions, whereas swing and trend traders are advised to wait for the Wave (2) correction.

Detailed Elliott Wave Analysis:

  • S&P 500 (SPX): Approaching Wave 5 of (1)

  • NASDAQ 100 (NDX): Developing Wave 5 of (1)

  • DAX 40 (DAX): Currently in Wave 5 of (1)

  • FTSE 100 (UKX/UK100): Advancing through Wave 5 of (1)

  • S&P/ASX 200 (XJO): Completing Wave 5 of (1)


Upcoming Key Financial Events – Thursday, April 24

United States:

  • Earnings Reports: Alphabet (Google), Intel, Procter & Gamble, PepsiCo, Merck, HCA Healthcare, IBM, ServiceNow.

  • Economic Data: Treasury auctions (4-week & 7-year notes).

United Kingdom:

  • No significant economic releases scheduled.

Germany:

  • No significant economic releases scheduled.

Australia:

  • Reserve Bank of Australia (RBA) Bulletin release.


Video Analysis Chapters:

  • 00:00 S&P 500 (SPX), SPY, ES Futures

  • 12:46 NASDAQ 100 (NDX), QQQ, NQ Futures

  • 16:42 DAX 40 (DAX)

  • 19:22 FTSE 100 (UKX/UK100)

  • 21:24 S&P/ASX 200 (XJO), AP1! (SPI Futures)


About the Analyst:

Peter Mathers – TradingLounge
Peter Mathers is renowned globally for his expertise in Elliott Wave Theory, providing actionable insights, precise forecasts, and clear trading strategies tailored for traders of all levels.


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