Archive by tag: indicesReturn
The strong upward movement in major stock indices and tech stocks suggests that impulse wave iii) may be approaching its peak, as indicated by decreasing volumes and narrower trading ranges. According to Elliott Wave technical analysis: S&P 500 (SPX): Wave (v) of iii) is projected to reach around 6,000 as a short-term top. NASDAQ 100 (NDX): Wave (v) of iii) is expected to hit approximately 21,200–21,300. Apple (AAPL): Currently assessing two possible Elliott Wave counts. Amazon (AMZN): In...
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Bitcoin testing ATH, While the SP500 is completing an Elliott Wave 4 Triangle pattern. With US Stocks Earnings of large tech stocks in progress, with the Fed's meeting in line with the US Elections is seeing lower volume in markets, that said, I can see US Banks and certain Tech stocks that we are long in still need to move higher into Elliott Wave 5 of (1)
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Index Analysis: S&P 500 (SPX): Action: Considering a long position at 5,850. Pattern: Observing a Classic Trading Levels Pattern (CTLP) at this level. NASDAQ 100 (NDX): Action: Considering a long position at 20,300. Pattern: CTLP is forming. Russell 2000 (RUT) / IWM ETF: Current Wave: Expecting a Wave (ii) retracement. Outlook: Anticipate higher price levels following the retracement. DAX 40 (DAX): Current Wave: Wave (iv) appears to have completed. Action: Setting up a long t...
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We are monitoring bullish Elliott Wave patterns across major indices, particularly the S&P 500, NASDAQ 100, and DAX 40. Currently, these indices are in Wave (iii) of iii) at the minute degree. Our strategy involves holding long positions until reaching Minute Wave v) before considering an exit. The ASX 200 and FTSE 100 are trailing behind, positioned at Wave (i) of iii). Upcoming U.S. economic data releases—specifically the Core CPI and Unemployment Claims—could influence market dynamics in th...
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**Stock Market Indices Overview: S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200 - Featuring Elliott Wave Analysis** As the Federal Reserve meeting approaches, with the PPI figures being the last economic data before the rate decision, we are analyzing two Elliott Wave scenarios for major indices. The first indicates the Wave (2) low is already in place, signaling a potential rally, while the second suggests Wave (2) is not yet complete, allowing for further downside. Current pri...
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The S&P 500 saw its biggest drop since August as U.S. manufacturing continued to contract for the fifth straight month, while corporate bond issuance surged to a record high. Elliott Wave analysis indicates that multiple global indices, including the S&P 500, NASDAQ 100, DAX 40, FTSE 100, and ASX 200, are undergoing a corrective phase in Intermediate Wave (2). The trading strategy focuses on taking long positions from the Wave (2) low, following the first upward impulse wave, signaling a potenti...
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This blog explores the current state of major stock market indices, including the S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, and ASX 200, through the lens of Elliott Wave technical analysis. With the Minor Wave 4 potentially completed, the SP500 is advancing, while the NASDAQ faces resistance. As markets enter a phase of choppy, sideways movement with a slight upward bias, traders are advised to adopt cautious, small-scale scalping strategies rather than pursuing larger trend trades.
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The S&P 500 and NASDAQ 100 are currently in a bullish Elliott Wave pattern, specifically in wave (iii) of iii) of 3 of (1) of 5). Recent lower PPI figures support this bullish outlook, and the upcoming CPI figures will be crucial in confirming the trend. The upward movement aligns with our long positions, and we plan to build on these trades after the CPI data is released, keeping our bullish scenario on track.
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In the recent Elliott Wave analysis, a combination of Amazon (AMZN) earnings, ADP employment figures, and the FOMC announcement has concluded the corrective Wave (4) pattern for the SP500 and NASDAQ, signaling a bullish market shift. This analysis suggests a "risk-on" sentiment, particularly noting a potential retracement dip during Thursday's trading, which could set up favorable conditions for long trades. The same bullish outlook extends to European and Australian indices. Trade...
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This comprehensive analysis covers key stock market indices, including the S&P 500, NASDAQ 100, and others, focusing on Elliott Wave patterns. We explore potential short-term and long-term outcomes for Wave Four in the S&P 500 and NASDAQ, discussing the likelihood of a corrective phase completion and subsequent market movement. The analysis includes a closer look at AAPL and NVDA, providing insights for short-term traders on potential market lows in the next session.
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