Elliott Wave analysis: S&P 500, Nasdaq 100, Russell 2000, DAX 40, FTSE 100, ASX 200 overview [Video]

Peter Mathers TradingLounge

Stock market Indices overview

S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200.

Featuring Elliott Wave Technical Analysis

Today, we are taking a balanced view of the short and medium-term bearish and bullish cases for these indices. Currently, the indices are in a Wave 4 correction, which can manifest in any of the dozen different types of Elliott Wave correctional patterns. Therefore, our analysis will be based on the evidence of current patterns and their potential outcomes.

It's possible that the Wave 4 correction could be complete, though there's no conclusive evidence yet. We can prepare for long trades if favorable setups appear. Otherwise, we should expect another low. Thursday's trading may not clarify the next direction, so we are looking towards Friday morning's session for more definitive signals. If Friday is bullish, the pattern suggests a bullish trend; if bearish, we may see another low. For now, patience is key as we await clearer signals.

Video chapters

00:00 SP 500 (SPX).
15:30 NASDAQ (NDX).
18:58 Russell 2000 (RUT) IWM ETF.
19:54 DAX 40 (DAX).
27:11 FTSE 100 UKX (UK100).
33:30 S&P/ASX 200 (XJO).
41:48 End.

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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