Bullish trade setups: S&P 500, NASDAQ 100, DAX 40, FTSE 100, ASX 200 [Video]

Peter Mathers TradingLounge

Elliott Wave analysis: S&P 500, NASDAQ 100, DAX 40, FTSE 100, ASX 200.

Bullish Long Trade Setups emerging.

Elliott Wave technical analysis and trading strategies

Markets covered:

S&P 500 (SPX)
NASDAQ 100 (NDX)
DAX 40 (DAX)
FTSE 100 (UK100)
S&P/ASX 200 (XJO)

Summary: Risk-On Approach for Long Trades

Our Elliott Wave analysis indicates a synchronized market movement across SP500, NDX, DAX, FTSE, and ASX 200, all showing a Wave i) of 3 of (3) formation.

Trading strategy

Focus on Wave ii) retracement
Target Wave (b) of ii) for long entry points
Key Signal: A breakout above Minor Wave 1 confirms a strong uptrend.
Watch our video analysis for optimal entry price refinement.

Elliott Wave market breakdown

S&P 500 (SPX): Wave i) of 3 of (3)
NASDAQ 100 (NDX): Wave i) of 3 of (3)
DAX 40 (DAX): Wave i)
FTSE 100 (UK100): Wave i)
S&P/ASX 200 (XJO): Wave i)

Key financial events to watch

Thursday, February 13

US Unemployment Claims
Producer Price Index (PPI) for January: Expected to increase by 3.2%

Friday, February 14

Retail Sales Data for January: A crucial indicator of consumer spending trends

Deep dive video analysis: Chapter breakdown

00:00 - S&P 500 (SPX), SPY, ES
16:08 - NASDAQ 100 (NDX)
22:07 - DAX 40 (DAX)
28:07 - FTSE 100 (UK100)
31:53 - S&P/ASX 200 (XJO)
33:34 - NIFTY 50
34:40 - DJI

Author

Peter Mathers

TradingLounge

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

EUR/USD deflates to fresh lows, targets 1.1600

The selling pressure on EUR/USD now gathers extra pace, prompting the pair to hit fresh multi-week lows in the 1.1625-1.1620 band on Friday. The continuation of the downward bias comes in response to further gains in the US Dollar as market participants continue to assess the mixed release of US Nonfarm Payrolls in December.

GBP/USD breaks below 1.3400, challenges the 200-day SMA

GBP/USD remains under heavy fire and retreats for the fourth consecutive day on Friday. Indeed, Cable suffers the strong performance of the Greenback, intensified post-mixed NFP, and trades at shouting distance from its critical 200-day SMA near 1.3380.

Gold flirts with yearly tops around $4,500

Gold keeps its positive bias on Friday, adding to Thursday’s advance and challenging yearly highs in the $4,500 region per troy ounce. The risk-off sentiment favours the yellow metal despite the firmer tone in the Greenback and rising US Treasury yields.