06Jun

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

PeterM | 06 Jun, 2024 | "stock market, indices, Elliott Wave, S&P 500, NASDAQ 100, DAX 40, FTSE 100, ASX 200, SPY, QQQ, Russell 2000, technical analysis, trading, market trends | Indices | 0 Comments | Return|

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

HDFC Life Insurance’s Stocks Forecast And Elliott Wave Technical Analysis - Price Movements and Projected Resistance Levels

HDFC Life Insurance’s Stocks Forecast And Elliott Wave Technical Analysis - Price Movements and Projected Resistance Levels

Ranjeet | 0 Comments

This in-depth analysis covers HDFC Life Insurance’s stock forecast using Elliott Wave theory, highl...

Read More >
ASX:IAG Elliott Wave Analysis, Stock Forecast, Price Trends, Wave Patterns, Market Insights, and Trading Strategies for Investors

ASX:IAG Elliott Wave Analysis, Stock Forecast, Price Trends, Wave Patterns, Market Insights, and Trading Strategies for Investors

Ranjeet | 0 Comments

Get the latest ASX:IAG Elliott Wave analysis and stock forecast. Learn how wave patterns influence I...

Read More >
U.S. Dollar/Japanese Yen (USDJPY) Elliott Wave Technical Analysis: Explore Bullish Trends, Wave Progression, Invalidation Levels, and Expert Forex Trading Insights

U.S. Dollar/Japanese Yen (USDJPY) Elliott Wave Technical Analysis: Explore Bullish Trends, Wave Progression, Invalidation Levels, and Expert Forex Trading Insights

Ranjeet | 0 Comments

This article provides a comprehensive analysis of USDJPY using Elliott Wave Theory. It covers the pr...

Read More >
Stay updated with our ChainLink Crypto Price forecast News Today and LINKUSD Elliott Wave Technical Analysis

Stay updated with our ChainLink Crypto Price forecast News Today and LINKUSD Elliott Wave Technical Analysis

Ranjeet | 0 Comments

In this article, we provide an in-depth ChainLink price analysis using the Elliott Wave theory. We e...

Read More >
Our Expert U.S. Dollar/Canadian Dollar Technical Analysis and Forecasts with USDCAD Forex Elliott Wave Technical Analysis

Our Expert U.S. Dollar/Canadian Dollar Technical Analysis and Forecasts with USDCAD Forex Elliott Wave Technical Analysis

Ranjeet | 0 Comments

Our detailed USDCAD Elliott Wave analysis provides insights into the current market trends, focusing...

Read More >
Suggesting Further Declines for the U.S. Dollar against the Canadian Dollar: USDCAD Elliott Wave Technical Analysis

Suggesting Further Declines for the U.S. Dollar against the Canadian Dollar: USDCAD Elliott Wave Technical Analysis

Ranjeet | 0 Comments

The USDCAD Elliott Wave analysis reveals a bearish trend, driven by impulsive Wave 3, suggesting fur...

Read More >

$1 for 2 Weeks

then $29 a month!

What a Special Offer!

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering 250+ markets:

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

Gain a competitive edge with expert insights and AI-powered Elliott Wave charting into:

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

Equip yourself with the tools of success:

  • Real-time Chat rooms
  • Elliott Wave Algorithm
  • Portfolio tools
  • TradingLevels
  • Screener
  • 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

Quick Links

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on