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Elliott Wave Analysis for SP 500 & NASDAQ: Key Insights & NVDA Impact
23May

Elliott Wave Analysis for SP 500 & NASDAQ: Key Insights & NVDA Impact

PeterM | 23 May, 2024 | Elliott Wave, SP 500, NASDAQ, NVDA, earnings, market analysis, technical analysis, stock market, global indices, market volatility, wave counts, financial markets, intraday trading, European indices, Asian indices, synchronized markets, asx200, dax40, ftse100, inidces, spy, qqq etf | Indices | 0 Comments |
Our latest Elliott Wave analysis reveals that the SP 500 and NASDAQ are in wave v of (v) of iii) of 1 of (5) of 3) of I, indicating a crucial phase nearing the top of wave iii. Despite recent intraday volatility driven by NVDA earnings, our projections hold steady. European and Asian indices are tracking US patterns closely, reflecting similar Elliott Wave structures, highlighting the synchronized global market behavior.
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