06Jun

Today's Stock Market Indices: S&P 500, NASDAQ 100, DAX 40 & More - Elliott Wave Analysis Insights

S&P 500, NASDAQ 100, DAX 40 & More - Elliott Wave Analysis

Elliott Wave Analysis:

- S&P 500 and NASDAQ: Currently tracking two counts. The intraday count suggests further upside with wave (iii) of v) of 1 of (5) of 3) of I or Wave i) of 3 in play. The video provides a detailed examination of both scenarios.
- NASDAQ 100 (NDX): Increased daily volume supports further upside, as indicated by the intraday Elliott wave analysis.
- DAX 40: Expected to follow the S&P 500 and NASDAQ 100 higher.
- FTSE 100: Might have a different wave count, requiring cautious handling for long trade setups.
- ASX 200: Needs to be aligned with Australian banks for accurate wave counting and trade setups.

Summary: Minor and Intermediate wave counts suggest an upward trend for the indices. However, Minute and Minuette wave structures require careful navigation in preparation for a long trade setup on Friday.

Video Chapters 
00:00 SP 500 (SPX), SPY ETF
11:28 NASDAQ (NDX), QQQ ETF
17:44 Russell 2000 (RUT) IWM ETF
18:50 DAX 40 (DAX)
22:37 FTSE 100 UKX (UK100)
26:07 S&P/ASX 200 (XJO)
31:57 End

Analyst Peter Mathers TradingLounge

See previous Video: Elliott Wave Analysis SP500

TradingLounge Once Off SPECIAL DEAL: Here > Buy 1 Month Get 3 Months - Bonus

Related

ASX LIMITED Elliott Wave Analysis: ASX Stock Forecast, Impulse & Corrective Waves, and Market Trends Explained

ASX LIMITED Elliott Wave Analysis: ASX Stock Forecast, Impulse & Corrective Waves, and Market Trends Explained

ASX Elliott Wave analysis provides an in-depth look at ASX stock trends, price predictions, and tech...

Read More >
Berkshire Hathaway Inc.(BRK.B:NYSE) Elliott Wave Technical Analysis 22 November 23

Berkshire Hathaway Inc.(BRK.B:NYSE) Elliott Wave Technical Analysis 22 November 23

Stock Berkshire Hathaway Inc.(BRK.B: NYSE) Elliott Wave Technical Analysis 1-hour and 4-hour Chart d...

Read More >
Looking to Invest in Nikkei 225 ETFs, Index Funds, or Individual Stocks: N225 Index Elliott Wave Technical Analysis

Looking to Invest in Nikkei 225 ETFs, Index Funds, or Individual Stocks: N225 Index Elliott Wave Technical Analysis

Stay ahead in the Nikkei 225 market with expert trading insights and analysis. This comprehensive gu...

Read More >
Bovespa Index Elliott Wave Technical Analysis: Examining Current Market Trends, Corrective and Impulse wave Patterns

Bovespa Index Elliott Wave Technical Analysis: Examining Current Market Trends, Corrective and Impulse wave Patterns

This article provides an in-depth Elliott Wave analysis of the Bovespa Index, examining current mark...

Read More >
AAVEUSD Elliott Wave Analysis: Potential Reversal Signals on Daily and 4H Charts - February 8, 2024

AAVEUSD Elliott Wave Analysis: Potential Reversal Signals on Daily and 4H Charts - February 8, 2024

In this comprehensive analysis of AAVEUSD's Elliott Wave patterns on both daily and 4-hour chart...

Read More >
 Commonwealth Bank of Australia stock on the ASX: CBA Stock Analysis & Elliott Wave Technical Forecast

Commonwealth Bank of Australia stock on the ASX: CBA Stock Analysis & Elliott Wave Technical Forecast

This article comprehensively analyses Commonwealth Bank of Australia (CBA) stock on the ASX, utilizi...

Read More >

Buy 1 Month

Get 3 Months!

Special Offer:

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competive edge with expert insights in to:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Social Chat
  • Elliott Wave Algorithm
  • Screener
  • TradingLevels
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
-Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on