|

Elliott Wave trading strategies for S&P 500, Nasdaq 100, DAX 40, FTSE 100, ASX 200 [Video]

Take your trading to the next level with TradingLounge’s comprehensive Elliott Wave technical analysis and actionable trading strategies for the world’s leading indices.
Stay updated with daily expert insights and real-time support from 8 seasoned analysts covering over 250 markets, including S&P 500 (SPX), NASDAQ 100 (NDX), DAX 40, FTSE 100, and ASX 200.

Wave analysis update

  • SP500 (SPX): Wave iii) of 3 of (1).

  • NASDAQ 100 (NDX): iii) of Wave 3 of (1).

  • DAX 40 (DAX): Wave 3 of (1).

  • FTSE 100 (UKX): Wave 3 of (1).

  • ASX 200 (XJO): Wave 3 of (1).

Key strategy: Navigating wave four corrections can be tough. Our approach is to hold through these phases, maximizing profit as markets progress toward the next impulse wave.

Major financial events to watch (this week):

  • US S&P Global Flash PMI.

  • Germany Flash Manufacturing & Services PMI.

  • UK Flash Manufacturing & Services PMI.

Video chapters for in-depth market review

  • 00:00 S&P 500 (SPX), SPY, ES Futures

  • 13:00 NASDAQ 100 (NDX), QQQ, NQ Futures

  • 17:05 DAX 40

  • 20:23 FTSE 100

  • 25:31 ASX 200 (XJO), SPI Futures

Author

Peter Mathers

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

More from Peter Mathers
Share:

Editor's Picks

AUD/USD sticks to positive bias above 0.7100; lacks bullish conviction

AUD/USD trades with a positive bias for the second straight day, holding above 0.7100 in the Asian session on Friday as softer US bond yields keep US Dollar bulls on the back foot. Furthermore, hawkish RBA Governor Bullock's comments boost rate hike bets and support the Aussie. However, the Fed's hawkish outlook, along with geopolitical uncertainties, limits USD losses and caps the pair.

USD/JPY approaches 158.00 as Japanese Yen resumes decline

USD/JPY is resuming its upside in the European session on Friday, refreshing two-week highs and nearing 158.00. The Japanese Yen extends losses, despite the Bank of Japan's (BoJ) expected rate hike to 1.25% and hawkish Governor Ueda's comments, as two surprise dissents against the rate hike weigh on it.

Gold keeps the bid tone in place; still below $4,400

Gold adds to the optimism seen in the second half of the week, trading with decent gains just below the $4,400 mark per troy ounce on Friday. The precious metal’s advance finds traction in declining crude oil prices and fresh selling pressure on the US Dollar.

Why altcoin season isn't coming back — and what stole its capital
If, after two years of being frozen in ice, Katara and Sokka woke you up to the crypto market, it would seem like 100 years have passed. With Bitcoin soaring to record highs just over a year ago, everyone expected a routine altcoin season, where investors take profits from the top crypto to chase higher returns in altcoins.
BoJ Recap: Not as hawkish as expected

The BoJ raised its short-term interest-rate target to 1.25% from 1.00% in a 7-2 vote, marking another step in the normalisation of monetary policy and widely matching what everyone has been expecting for weeks. Governor Kazuo Ueda said the policy phase had changed.

BoJ Recap: Not as hawkish as expected

The Bank of Japan (BoJ) raised its short-term interest-rate target to 1.25% from 1.00% in a 7-2 vote, marking another step in the normalisation of monetary policy and widely matching what everyone has been expecting for weeks.