Daily Elliott Wave forecast: S&P500, Nasdaq, DAX, FTSE, ASX trading setups [Video]
|Elliott Wave Analysis & Forecasts: S&P 500, NASDAQ 100, DAX 40, FTSE 100, ASX 200
Market summary
Current structure: Wave (iii) of c) of 4 of (1).
The US indices show varied short-term structures, but medium-term trends are expected to align.
Index-specific Elliott Wave counts
S&P 500 (SPX)
Position: Wave (v) of v) of 3 of (1).
Outlook: Potential final push higher before Wave 4 correction.
NASDAQ 100 (NDX)
Position: Wave (v) of v) of 3 of (1).
Outlook: Aligning closely with SPX, expect possible short-term rally followed by consolidation.
DAX 40 (Germany)
Position: Wave a) of 4 of (1).
Outlook: Entering corrective phase, watch for pullback targets.
FTSE 100 (UKX)
Position: Wave a) of 4 of (1).
Outlook: Similar to DAX, currently in corrective territory.
ASX 200 (XJO - Australia)
Position: Wave (v) of v) of 3 of (1).
Outlook: Likely continuation to complete current wave count.
Upcoming economic events to watch
- June 19 – Juneteenth Holiday (US Markets Closed).
- Bank of England Interest Rate Decision (UK).
Video chapters – Watch today’s Elliott Wave breakdown
- 00:00 – S&P 500 (SPX), SPY, ES Futures.
- 13:24 – NASDAQ 100 (NDX), QQQ, NQ Futures.
- 18:39 – DAX 40 (DAX).
- 21:00 – FTSE 100 (UKX).
- 24:32 – ASX 200 (XJO), SPI Futures.
A leading expert in Elliott Wave trading, Peter delivers clear, actionable forecasts and market strategies for both novice and professional traders.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.