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

Elliott Wave Forecast Team ElliottWave-Forecast.com

Summary

The upward trend in indices remains intact, with the bullish case now outweighing the bear market rally scenario. European markets like the DAX and FTSE present clearer Elliott Wave counts compared to the SP500 and Nasdaq, which still allow for multiple interpretations. To gain clarity, we must look to individual stocks for wave count confirmation. While a bullish Elliott Wave count isn't fully confirmed, more stocks are increasingly aligning with bullish structures. This is why I have added more long trades for US stocks.

Elliott Wave analysis overview

SP500 (SPX): Est. wave 5 of (1)
NASDAQ 100 (NDX): Wave 5 of (1)
DAX 40 (DAX): Wave 5 of (1)
FTSE 100 UKX (UK100): Wave 5 of (1)
S&P/ASX 200 (XJO): Wave 5 of (1)

Key financial events to watch

Thursday, May 1, 2025:

United States: ISM Manufacturing PMI (April)
Earnings: Apple, Amazon, McDonald's, Airbnb, Eli Lilly, Amgen
United Kingdom: S&P Global/CIPS Manufacturing PMI (April)
Germany: HCOB Manufacturing PMI (April)
Australia: Ai Group Manufacturing Index (April)

Video chapters:

00:00 SP 500 (SPX), SPY, ES Futures
15:53 NASDAQ 100 (NDX) QQQ, NQ Futures
21:20 DAX 40 (DAX)
23:30 FTSE 100 UKX (UK100)
27:11 S&P/ASX 200 (XJO) AP1! (SPI Futures)

Author

Elliott Wave Forecast Team

ElliottWave-Forecast.com

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