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

British Pound/U.S.Dollar (GBPUSD) Elliott Wave Technical Analysis 3 November 23

British Pound/U.S.Dollar (GBPUSD) Elliott Wave Technical Analysis 3 November 23

Ranjeet | 0 Comments

The "GBPUSD Elliott Wave Analysis Trading Lounge 4 Hour Chart" dated 3 November 23, offers...

Read More >
NEO/ U.S. dollar(NEOUSD) Elliott Wave Technical Analysis 6 December 23

NEO/ U.S. dollar(NEOUSD) Elliott Wave Technical Analysis 6 December 23

Ranjeet | 0 Comments

NEO/ U.S. dollar(NEOUSD) Elliott Wave Technical Analysis dated 6 December 23, offers an in-depth per...

Read More >
Bitcoin / U.S. dollar(BTCUSD) Elliott Wave Technical Analysis 27 November 23

Bitcoin / U.S. dollar(BTCUSD) Elliott Wave Technical Analysis 27 November 23

Ranjeet | 0 Comments

Bitcoin/U.S. dollar(BTCUSD) Elliott Wave Technical Analysis on 27 November 23 with BTCUSD Analysis D...

Read More >
IBEX 35 (Spain) index Wave Technical Analysis: Bullish Trend, Impulsive Wave Count, Market Trends, and Trading Opportunities Explained

IBEX 35 (Spain) index Wave Technical Analysis: Bullish Trend, Impulsive Wave Count, Market Trends, and Trading Opportunities Explained

Ranjeet | 0 Comments

IBEX 35 Elliott Wave Analysis provides a detailed technical breakdown of the market trend, highlight...

Read More >
Technical outlook on: WISETECH GLOBAL LIMITED – WTC Stock Analysis & Elliott Wave Technical Forecast

Technical outlook on: WISETECH GLOBAL LIMITED – WTC Stock Analysis & Elliott Wave Technical Forecast

Ranjeet | 0 Comments

This article provides an in-depth Elliott Wave analysis for WiseTech Global Limited (WTC) on the Aus...

Read More >
U.S. Dollar / Swiss Franc (USDCHF) Elliott Wave Forecast: Daily and 4H Charts with Key Support and Resistance Analysis

U.S. Dollar / Swiss Franc (USDCHF) Elliott Wave Forecast: Daily and 4H Charts with Key Support and Resistance Analysis

Ranjeet | 0 Comments

USDCHF shows a bearish Elliott Wave structure with wave 3 unfolding, signaling further downside. Dai...

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