08Feb

Unlocking Market Potential: SP500 at 5000 and Nasdaq 100 at 18000 Resistances - Elliott Wave Analysis Update

Stock Market Report S&P 500,  NASDAQ 100,  RUSSELL 2000,  DAX 40,  FTSE 100,  ASX 200. Elliott Wave Analysis
Elliott Wave Analysis Update: The SP500 appears to be encountering resistance near the 5000 level, while the Nasdaq 100 is facing resistance around the 18000 mark. It's important to recognize that although markets may breach these levels temporarily, they often exhibit gravitational pull over time. Currently, stocks seem to be in the midst of a minor impulse wave, suggesting a potential upward movement in the upcoming trading session.

Video Chapters
00:00 SP 500 (SPX)
03:43 NASDAQ (NDX)
07:14 Russell 2000 (RUT)
10:44 DAX 40 (DAX)
12:42 FTSE 100 UKX (UK100)
17:34 ASX 200 (XJO)
22:55 End

Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817
Source: tradinglounge com   Join & Learn from Experts

See previous Elliott Wave SP500 video here

 

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