Daily Elliott Wave forecast: S&P500, Nasdaq, DAX, FTSE, ASX trading setups [Video]

Peter Mathers TradingLounge

Elliott Wave Analysis & Forecasts: S&P 500, NASDAQ 100, DAX 40, FTSE 100, ASX 200

Market summary

Current structure: Wave (iii) of c) of 4 of (1).

The US indices show varied short-term structures, but medium-term trends are expected to align.

Index-specific Elliott Wave counts

S&P 500 (SPX)

Position: Wave (v) of v) of 3 of (1).
Outlook: Potential final push higher before Wave 4 correction.

NASDAQ 100 (NDX)

Position: Wave (v) of v) of 3 of (1).
Outlook: Aligning closely with SPX, expect possible short-term rally followed by consolidation.

DAX 40 (Germany)

Position: Wave a) of 4 of (1).
Outlook: Entering corrective phase, watch for pullback targets.

FTSE 100 (UKX)

Position: Wave a) of 4 of (1).
Outlook: Similar to DAX, currently in corrective territory.

ASX 200 (XJO - Australia)

Position: Wave (v) of v) of 3 of (1).
Outlook: Likely continuation to complete current wave count.

Upcoming economic events to watch

June 19 – Juneteenth Holiday (US Markets Closed).
Bank of England Interest Rate Decision (UK).

Video chapters – Watch today’s Elliott Wave breakdown

00:00 – S&P 500 (SPX), SPY, ES Futures.
13:24 – NASDAQ 100 (NDX), QQQ, NQ Futures.
18:39 – DAX 40 (DAX).
21:00 – FTSE 100 (UKX).
24:32 – ASX 200 (XJO), SPI Futures.

A leading expert in Elliott Wave trading, Peter delivers clear, actionable forecasts and market strategies for both novice and professional traders.

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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