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Elliott Wave analysis: S&P 500, Nasdaq 100, DAX 40, FTSE 100 and ASX200 [Video]

Peter Mathers TradingLounge

Summary

After hours trading saw a sell-off in futures and stocks, creating an impulse wave lower. This suggests further lows are likely as the market reacts. Two wave counts for US indices are in progress, with one being compared to META and AMZN. Additionally, European and Asian markets are expected to open lower as they absorb new US tariffs.

Elliott Wave analysis overview

S&P 500 (SPX): Wave 4.
NASDAQ 100 (NDX): Wave 4.
DAX 40 (DAX): Wave iv) C of (4).
FTSE 100 (UKX): Wave 4.
S&P/ASX 200 (XJO): Wave B of (2).

Key financial events to watch

Thursday, April 3, 2025

United States:

Initial Jobless Claims for the week ending March 29 at 8:30 AM ET.
Trade Balance for February at 8:30 AM ET.
S&P Global Final Services PMI for March at 9:45 AM ET.
ISM Services PMI for March at 10:00 AM ET.

United Kingdom:

Bank of England's Monetary Policy Summary and Official Bank Rate announcement at 12:00 PM GMT.

Germany:

Trade Balance for February at 8:00 AM GMT.

Australia:

Trade Balance for February at 11:30 AM AEDT.

Video chapters for in-depth analysis

00:00: S&P 500 (SPX), SPY, ES Futures
07:51: NASDAQ 100 (NDX) – QQQ, NQ Futures
15:39: DAX 40 (DAX)
18:43: FTSE 100 (UKX)
22:37: S&P/ASX 200 (XJO) – AP1! (SPI Futures)

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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