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

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