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

Elliott Wave Analysis Update: Targeting Long Positions in Upcoming Friday's Session by Capitalizing on New Highs. The S&P 500, Nasdaq, and IWM RUT ETF exhibit similar corrective patterns that might not yet be complete, indicating a potential further decline. Nonetheless, the strategy involves initiating long positions once prices rise above the Elliott Wave (b) point, with specific entry points highlighted in our video guide. While the DAX 40 and FTSE 100 display slight variations in their patterns, the fundamental approach remains the same, akin to the ASX 200's strategy of going long past the recent peak. Given the possibility of an additional downward movement across these indices, it's crucial to time your purchases carefully for optimal safety.

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Video Chapters
00:00 SP 500 (SPX)
11:52 NASDAQ (NDX)
15:41 Russell 2000 (RUT)
16:06 DAX 40 (DAX)
19:22 FTSE 100 UKX (UK100)
21:23 ASX 200 (XJO)
24:34 End

Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817
Source: tradinglounge com

See previous Elliott Wave Analysis SP500