Delve into today's Elliott Wave Analysis for major indices, including detailed observations on the NASDAQ 100 and S&P 500. Currently, we are monitoring Wave (iv) of i) of 3 of (5) of 3, anticipating the peak of Wave i) followed by a (a) (b) (c) corrective retracement, presenting a prime long trade setup. Our comprehensive analysis extends across various global indices, including DAX and FTSE 100, comparing Elliott wave timings to uncover strategic insights. Over the medium term, the existing trends in indices and stocks are expected to persist for over a month, making a sustained long position the recommended trading strategy.
Video chapters:
00:00 SP 500 (SPX)
06:35 NASDAQ (NDX)
09:28 Russell 2000 (RUT) IWM
10:03 DAX 40 (DAX)
16:06 FTSE 100 UKX (UK100)
20:44 S&P/ASX 200 (XJO)
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