Elliott Wave analysis: S&P 500, Nasdaq 100 and top-tier stocks [Video]
|Elliott Wave analysis for major indices:
Today's focus on Meta Platforms, Amazon, and their impact on broader markets.
In today’s analysis, we examine the Elliott Wave patterns across key indices: S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, and ASX 200. Special attention is given to Meta Platforms, which is anticipated to find support between the 400 and 380 levels. Although Amazon has experienced a smaller decline, it exhibits a similar bearish trend, influencing both the Nasdaq and S&P 500, which subsequently affect other indices like the DAX. This session will delve into both the broader implications and intricate details of these movements to forecast potential future trends.
Video chapters:
00:00 SPY, QQQ, META, AMZN, MSFT, NVDA
05:39 SP 500 (SPX) SPY
09:25 NASDAQ (NDX) QQQ
11:35 Russell 2000 (RUT)
12:41 DAX 40 (DAX)
14:43 FTSE 100 UKX (UK100)
17:08 S&P/ASX 200 (XJO)
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.