Market update on key global indices: Elliott Wave analysis [Video]

Peter Mathers TradingLounge

Stock Market Report S&P 500 - NASDAQ 100 - RUSSELL 2000 - DAX 40 - FTSE 100 - ASX 200. Elliott Wave Analysis
Summary: The SP and NDX have a larger 3 waves lower, which could be bullish corrective, however stocks like Apple have 5 wave lower, so the SP and NDX 3 waves are likely to turn into 5 waves, these 5 waves would make a larger wave one, meaning a more bearish short-term outcome.
Trading Strategies: We have short trades in the SP and NDX and will look to add to those trades if we get the 5 waves lower

Video chapters

00:00 SP 500 (SPX)
07:14 NASDAQ (NDX)
11:46 Russell 2000 (RUT)
14:46 DAX 40 (DAX)
19:08 FTSE 100 UKX (UK100)
21:42 ASX 200 (XJO)
32:35 End

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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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