Elliott Wave Insights: S&P 500, NASDAQ 100, DAX 40, and Global Indices Analysis
Today's Stock Market Indices Overview: S&P 500, SPY, NASDAQ 100, QQQ, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. Featuring Elliott Wave Technical Analysis
Elliott Wave Analysis Indices: Elliott Wave (iv) corrective pattern for the SP500 and the Nasdaq are completed, and the first impulse waves upwards are underway.
Regarding the Minor Wave 3 of Intermediate (5) I talk about extending this structure longer to fit into the leading Nasdaq stocks such as AMZN and META. Employment and final GDP figures in the next session. Long trade maybe best suited to Friday.
European Indices DAX and FTSE 100 can still have a leg lower, on both I can count an impulse wave up off the low, however it's simply not a strong case, its the same for the ASX 200. These Euro and ASX markets will have to wait for Friday to see if we can find long trades.
Video ChaptersÂ
00:00 SP 500 (SPX), SPY ETF
10:36 NASDAQ (NDX), QQQ ETF
17:43 Russell 2000 (RUT) IWM ETF
18:43 DAX 40 (DAX)
21:34 FTSE 100 UKX (UK100)
23:46 S&P/ASX 200 (XJO)
26:34 End
Analyst Peter Mathers TradingLounge
See previous Video: Elliott Wave Analysis SP500
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