Stock Market Report S&P 500 - NASDAQ 100 - RUSSELL 2000 - DAX 40 - FTSE 100 - ASX 200. Elliott Wave Analysis

The current analysis of the market suggests that Elliott Wave iv) is on the verge of completing its course, revealing distinct patterns characterized by leaders and followers. Strategic long trades are formulated by identifying new highs or capitalizing on Classic Trading Levels Patterns (CTLP) as viable setups. Moreover, the significance of Friday's closing strength plays a crucial role in shaping the course of action.

A robust Friday closure should serve as a catalyst for traders to hold positions over the weekend, anticipating a sustained momentum into Monday. Conversely, a weak Friday closing prompts a cautious approach, leading to the tightening of stops and potential profit-taking measures. Regarding trading strategies, the emphasis lies in maintaining positions at elevated levels, aligning with the evolving dynamics of the market. This approach aims to capitalize on the unfolding patterns and trends within the Elliott Wave framework.

Video Chapters
00:00 SP 500 (SPX) 
08:15 NASDAQ (NDX)
15:38 Russell 2000 (RUT)
21:35 DAX 40 (DAX)
23:46 FTSE 100 UKX (UK100)
25:36 ASX 200 (XJO)
30:29 End

Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817
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