|

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

Elliott Wave analysis indices: S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200.

The sharp move lower in Indices is view as Wave ii). It appears the Elliott wave ii) is completed and would be confirmed with the first impulse wave up off the low, which is currently in play.

Elliott Wave analysis of indices

  1. S&P 500 (SPX)

    • Wave ii) low appears to be in place.
    • Awaiting confirmation through a completed upward impulse wave.
  2. Nasdaq 100 (NDX)

    • Wave ii) low seems established.
    • Awaiting confirmation with a completed impulse wave moving up from the low.
    • Currently long on 20,300 CTLP.
  3. Russell 2000 (RUT) - IWM ETF

    • Waiting to confirm the Wave (ii) low.
  4. DAX 40 (DAX)

    • Potential for another low.
    • May also move up in alignment with the S&P 500.
  5. FTSE 100 (UKX/UK100)

    • Requires 8,300 as support to confirm a bullish move.
  6. S&P/ASX 200 (XJO)

    • Considering that Wave ii) low is in place, though there is no substantial evidence.
    • An impulse wave higher is needed or support at 8,230.

Financial events today

  • US unemployment claims

  • Flash Manufacturing PMI

    • U.S., EUR, GBP

  • Flash services PMI

    • U.S., EUR, GBP

Video chapters

Comprehensive Elliott Wave analysis for major indices: 

00:00 SP 500 (SPX).

06:48 NASDAQ 100 (NDX).

09:36 Russell 2000 (RUT) IWM ETF.

10:17 DAX 40 (DAX).

15:23 FTSE 100 UKX (UK100).

16:53 S&P/ASX 200 (XJO).

21:28 End.

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:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD flatlines below 1.1800 amid trading lull, awaits Fed Minutes

EUR/USD trades around a flatline below 1.1800 in European trading on Tuesday. The pair lacks any trading impetus as the US Dollar moves little amid market caution ahead of the Fed's December Meeting Minutes release, which could offer insights into the Federal Reserve’s 2026 outlook.

GBP/USD retakes 1.3500 despite the year-end grind

GBP/USD finds fresh demand and retakes 1.3500 on Tuesday as markets grind through the last trading week of the year. Despite the latest uptick, the pair is unlikely to see further progress due to the year-end holiday volumes.

Gold holds the bounce on Fed rate cut bets, safe-haven flows

Gold holds the rebound near $4,350 in the European trading hours on Tuesday. The precious metal recovers some lost ground after falling 4.5% in the previous session, which was Gold's largest single-day loss since October. Increased margin requirements on gold and silver futures by the Chicago Mercantile Exchange Group, one of the world’s largest trading floors for commodities, prompted widespread profit-taking and portfolio rebalancing.

Tron steadies as Justin Sun invests $18 million in Tron Inc.

Tron (TRX) trades above $0.2800 at press time on Monday, hovering below the 50-day Exponential Moving Average (EMA) at $0.2859.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).