Elliott Wave analysis: S&P 500 and top tech stocks [Video]
|Stock Market Report S&P 500 - NASDAQ 100 - RUSSELL 2000 - DAX 40 - FTSE 100 - ASX 200. Elliott Wave Analysis
Summary: There is a reasonable case for a low to be in place for the US indices as Wave 4. The first Elliott Impulse wave is being created, the other positive point is the trading session closed higher and on higher volume placing the bulls in control of the market. Once the Impulse is completed on the SP 500 and Nasdaq 100, we can look to buy the retracement at the 61.8% and start to build long trades.
The alternative count is the current low is Wave a) of 4.
Elliott Wave count:
SP 500: Wave 4 low in place or Wave b) of 4 in progress
Nasdaq 100: Wave 4 low in place or Wave b) of 4 in progress
Russell 2000: Wave 4 low in place or Wave b) of 4 in progress
DAX 40: Wave b) of 4
FTSE 100: Wave ii of (c) of 2 lower
ASX 200: Any low would require confirmation
Video chapters
00:00 SP 500 (SPX)
10:17 NASDAQ (NDX)
12:47 Russell 2000 (RUT)
17:58 DAX 40 (DAX)
22:44 FTSE 100 UKX (UK100)
24:37 ASX 200 (XJO)
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