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Elliott Wave Analysis: SP500,NASDAQ 100, DAX 40, FTSE 100, ASX200. Insights & Strategies

Stock Market Report S&P 500,  NASDAQ 100,  RUSSELL 2000,  DAX 40,  FTSE 100,  ASX 200. Elliott Wave Technical Analysis
Update on Elliott Wave Analysis: A favorable Core PPI bodes well for the USD, leading to higher yields, lower bonds, and a stronger dollar which impacts various stocks either positively or negatively. Despite this, indices and stocks are on an upward trend in the primary movement, and I plan to stick with this direction. The key lies in managing the downturns, which is the focus of this video. It details when and how to purchase during a dip with the initial Elliott wave impulse wave upward. For continued optimism, we need the US indices to show positive momentum in Friday morning's session. Without it, according to Elliott wave terminology, we might be entering a more significant correction phase, Wave 4 of (3), a position the DAX 40 is nearing.

Video Chapters
00:00 SP 500 (SPX)
09:07 NASDAQ (NDX)
11:46 Russell 2000 (RUT)
13:05 DAX 40 (DAX)
17:04 FTSE 100 UKX (UK100)
20:09 ASX 200 (XJO)
27:21 End

Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817
Source: tradinglounge com

 

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Editors’ Picks

EUR/USD declines toward 1.0800 on renewed USD strength

EUR/USD declines toward 1.0800 on renewed USD strength

EUR/USD stays on the back foot and declines toward 1.0800 following the modest rebound seen after German inflation data. The risk-averse market atmosphere, as reflected by the bearish action in Wall Street, supports the USD and weighs on the pair.

EUR/USD News

GBP/USD extends slide to 1.2700 area as mood sours

GBP/USD extends slide to 1.2700 area as mood sours

After moving sideways near 1.2750 in the European session, GBP/USD came under modest bearish pressure and dropped toward 1.2700. The negative shift seen in risk mood allows the USD to stay resilient against its rivals and drags the pair lower.

GBP/USD News

Japanese Yen remains steady after BoJ Adachi favors to reduce bond-buying

Japanese Yen remains steady after BoJ Adachi favors to reduce bond-buying

The Japanese Yen rebounds as BoJ Adachi emphasizes bond-buying reduction. The emergence of risk aversion has supported the US Dollar. Minneapolis Fed President Neel Kashkari suggested the possibility of a rate hike.

USD/JPY News

Editors’ Picks

EUR/USD declines toward 1.0800 on renewed USD strength

EUR/USD declines toward 1.0800 on renewed USD strength

EUR/USD stays on the back foot and declines toward 1.0800 following the modest rebound seen after German inflation data. The risk-averse market atmosphere, as reflected by the bearish action in Wall Street, supports the USD and weighs on the pair.

EUR/USD News

GBP/USD extends slide to 1.2700 area as mood sours

GBP/USD extends slide to 1.2700 area as mood sours

After moving sideways near 1.2750 in the European session, GBP/USD came under modest bearish pressure and dropped toward 1.2700. The negative shift seen in risk mood allows the USD to stay resilient against its rivals and drags the pair lower.

GBP/USD News

Gold pressures daily lows around $2,340

Gold pressures daily lows around $2,340

Gold trades in negative territory near $2,340 after closing the previous three trading days higher. The benchmark 10-year US Treasury bond yield gains more than 1% on the day above 4.6%, causing XAU/USD to continue to stretch lower.

Gold News

Bitcoin bull market is still going strong, on-chain data shows

Bitcoin bull market is still going strong, on-chain data shows

Bitcoin’s (BTC) price outlook remains positive in the short term despite its recent stabilization, on-chain data suggests, propelled by easing selling pressure by long-term holders and activity from large-wallet investors. 

Read more

Big moves ahead: ECB’s interest rate cut and the future of EUR/USD

Big moves ahead: ECB’s interest rate cut and the future of EUR/USD

The European Central Bank is set for a major move: an interest rate cut in June. This decision, backed by top officials like ECB Vice President Luis de Guindos and French central bank chief Francois Villeroy de Galhau.

Read more

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