Market update on key global indices: Elliott Wave analysis [Video]
Premium|Take advantage of 50% OFF on your first month.
Start your subscription and get access to all our original articles.
You have reached your limit of 5 free articles for this month.
Get all exclusive analysis, access our analysis and get Gold and signals alerts
Elevate your trading Journey.
UPGRADEStock Market Report S&P 500 - NASDAQ 100 - RUSSELL 2000 - DAX 40 - FTSE 100 - ASX 200. Elliott Wave Analysis
Summary: The SP and NDX have a larger 3 waves lower, which could be bullish corrective, however stocks like Apple have 5 wave lower, so the SP and NDX 3 waves are likely to turn into 5 waves, these 5 waves would make a larger wave one, meaning a more bearish short-term outcome.
Trading Strategies: We have short trades in the SP and NDX and will look to add to those trades if we get the 5 waves lower
Video chapters
00:00 SP 500 (SPX)
07:14 NASDAQ (NDX)
11:46 Russell 2000 (RUT)
14:46 DAX 40 (DAX)
19:08 FTSE 100 UKX (UK100)
21:42 ASX 200 (XJO)
32:35 End
Stock Market Report S&P 500 - NASDAQ 100 - RUSSELL 2000 - DAX 40 - FTSE 100 - ASX 200. Elliott Wave Analysis
Summary: The SP and NDX have a larger 3 waves lower, which could be bullish corrective, however stocks like Apple have 5 wave lower, so the SP and NDX 3 waves are likely to turn into 5 waves, these 5 waves would make a larger wave one, meaning a more bearish short-term outcome.
Trading Strategies: We have short trades in the SP and NDX and will look to add to those trades if we get the 5 waves lower
Video chapters
00:00 SP 500 (SPX)
07:14 NASDAQ (NDX)
11:46 Russell 2000 (RUT)
14:46 DAX 40 (DAX)
19:08 FTSE 100 UKX (UK100)
21:42 ASX 200 (XJO)
32:35 End
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.