Stock Market Report S&P 500,  NASDAQ 100,  RUSSELL 2000,  DAX 40,  FTSE 100,  ASX 200. Elliott Wave Technical Analysis.

Elliott Wave Analysis Update: Integrating the bullish weekly cycle for optimal timing within the Elliott Wave ABC Pattern, we find ourselves currently midway through Wave B. Foreseeing a potential dip in levels by Thursday afternoon to Friday morning, particularly in the S&P 500 and NASDAQ 100, we anticipate lower thresholds. Following this, we intend to pursue long trades for various indices.

Video chapters:

00:00 SP 500 (SPX)
11:05 NASDAQ (NDX)
13.22 Russell 2000 (RUT)
16:40 DAX 40 (DAX)
19:44 FTSE 100 UKX (UK100)
23:00 ASX 200 (XJO)

Share: Feed news

As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.

Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.

The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.

Recommended content


Recommended content

Editors’ Picks

AUD/USD: Extra gains in the pipeline above 0.6520

AUD/USD: Extra gains in the pipeline above 0.6520

AUD/USD partially reversed Tuesday’s strong pullback and regained the 0.6500 barrier and beyond in response to the sharp post-FOMC pullback in the Greenback on Wednesday.

AUD/USD News

EUR/USD jitters post-Fed with NFP Friday over the horizon

EUR/USD jitters post-Fed with NFP Friday over the horizon

EUR/USD cycled familiar territory on Wednesday after the US Federal Reserve held rates as many investors had expected. However, market participants were hoping for further signs of impending rate cuts from the US central bank.

EUR/USD News

Gold prices skyrocketed as Powell’s words boosted the yellow metal

Gold prices skyrocketed as Powell’s words boosted the yellow metal

Gold prices rallied sharply above the $2,300 milestone on Wednesday after the Federal Reserve kept rates unchanged while announcing that it would diminish the pace of the balance sheet reduction. 

Gold News

Ethereum plunges outside key range briefly as US Dollar Index gains strength

Ethereum plunges outside key range briefly as US Dollar Index gains strength

Institutional whales appear to be dumping Ethereum after recent dip. Fed’s decision to leave rates unchanged appears to have helped ETH's price recover slightly. SEC Chair Gensler has misled Congress, considering recent revelations from Consensys suit, says Congressman McHenry.

Read more

The FOMC whipsaw and more Yen intervention in focus

The FOMC whipsaw and more Yen intervention in focus

Market participants clung to every word uttered by Chair Powell as risk assets whipped around in a frenetic fashion during the afternoon US trading session.

Read more

Forex MAJORS

Cryptocurrencies

Signatures