S&P/ASX 200 (^AXJO) technical analysis Elliott Wave forecast & trading [Video]

Peter Mathers TradingLounge

Plus CBA ANZ BHP RIO FMG, IRON ORE, COPPER, CRUDE, AUDUSD, GOLD, SILVER, DXY, NIFTY 50, CHINA A50 Shanghai Composite SSEC.

ASX 200 Index Overview: Under 7500 is bearish.
ASX200 Elliott Wave Triangle Wave iv) or c) of A of (4).
Trading Levels Minor Level (mTL5) 7500 is the closest largest number and its currently the resistance.
ASX200 Trading Strategy: Neutral.

Commodities:
Copper Elliott Wave 2 bullish correction.
Iron Ore to move lower.
US Spot Gold Elliott Wave B or 2.

Australian Stocks:
Finance and Bank stocks to head higher.
Resource stocks BHP FMG to head low, as they still need to complete Elliott Wave v) of C of (4).

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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