TradingLounge's Stock Market Report Today S&P 500 - NASDAQ 100 - RUSSELL 2000 - DAX 40 - FTSE 100 - ASX 200. Elliott Wave Analysis
Summary: Stock Indices are completing a corrective Wave iv).
So they are also in their later stages of the trend up, so looking for the top is next. Looking for Friday and Monday to be bullish, just remember Indices are a ending process, dont expect too much.
Trading Strategies: managing risk on long trades, use trailing stops on current trades.
00:00 SP 500 (SPX)
11:11 NASDAQ (NDX)
17:06 Russell 2000 (RUT)
18:51 DAX 40 (DAX)
24:30 FTSE 100 UKX (UK100)
29:15 ASX 200 (XJO)
As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.
Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.