Elliott Wave Analysis for Indices

S&P 500, SPY, NASDAQ 100, QQQ:
- Current Status: These indices are advancing towards higher levels as indicated by the Elliott wave count.
- Trading Strategy: Maintain long positions for the US markets.

Euro and Asian Indices:
- Recent Movement: These indices have rebounded from their lows, presenting the initial Elliott Impulse wave upward.
- SPY and QQQ:
  - The current impulse wave is still developing.
  - Patience is essential as we wait for them to peak and turn lower.
  - Plan to trade long on wave B of a Classic Trading Levels Pattern (CTLP).

Upcoming Trade Setup:
- Timing: Anticipate the next long trade setup to occur late Thursday or early Friday.
- Action: If Friday closes strongly, hold positions into the following week.

Video Chapters 
00:00 SP 500 (SPX), SPY ETF
15:40 NASDAQ (NDX), QQQ ETF
23:25 Russell 2000 (RUT) IWM ETF
25:19 DAX 40 (DAX)
29:58 FTSE 100 UKX (UK100)
32:10 S&P/ASX 200 (XJO)
37:16 End

Analyst Peter Mathers TradingLounge

See previous Video: Elliott Wave Analysis SP500
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