Elliott Wave analysis: S&P 500, Nasdaq 100, DAX 40, FTSE 100 and ASX200 [Video]
|Elliott Wave technical analysis and trading strategies
Function: Follow trend.
Mode: Motive.
Structure: Impulse.
Position: Wave 5 of (1).
Summary
DAX, FTSE and ASX are the current leaders, while SPX and NDX are launching an impulsive surge from recent lows—Likely Wave 5 of (1). Day-traders can stay long; swing and trend traders should wait for Wave (2).
Elliott Wave analysis overview
- SP500 (SPX): Est. Wave 5 of (1)
- NASDAQ 100 (NDX): Wave 5 of (1)
- DAX 40 (DAX): Wave 5 of (1)
- FTSE 100 UKX (UK100): Wave 5 of (1)
- S&P/ASX 200 (XJO): Wave 5 of (1)
Key financial events to watch
Thursday, April 24
US:
Earnings: Alphabet (Google), Intel, Procter & Gamble, PepsiCo, Merck, HCA Healthcare, IBM, ServiceNow.
Economic data: Treasury auctions for 4-week and 7-year notes.
UK:
Economic data: No major releases scheduled.
Germany:
Economic data: No major releases scheduled.
Australia:
Economic data: Reserve Bank of Australia (RBA) bulletin release.
Video chapters for in-depth analysis:
- 00:00 SP 500 (SPX), SPY, ES futures USD / DXY / Bitcoin
- 12:46 NASDAQ 100 (NDX) QQQ, NQ futures
- 16:42 DAX 40 (DAX)
- 19:22 FTSE 100 UKX (UK100)
- 21:24 S&P/ASX 200 (XJO) AP1! (SPI futures)
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.