Elliott Wave analysis: S&P 500, Nasdaq 100 and top tier stocks [Video]
|Today's stock market overview: S&P 500, SPY, NASDAQ 100, QQQ, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. featuring Elliott Wave technical analysis.
Elliott Wave analysis indices
SP 500 & NASDAQ Wave v of (v) of iii) of 1 of (5) of 3) of I. Today I will bring this count into the QQQ, SPY, DAX, FTSE and ASX200. Today I look at the bigger picture and of course the intraday wave counts. In nutshell markets are bullish into Elliott Wave iii) of 1. This means the move up will probably correct in the next session based on the Employment figures producing Wave iv), with a bullish move higher as Wave v) of 1. The trading strategy is still Risk On.
Video chapters big picture:
00:00 SP 500 (SPX)
03:36 NASDAQ (NDX)
04:10 DAX 40 (DAX)
05:46 FTSE 100 UKX (UK100)
06:55 S&P/ASX 200 (XJO)
Video chapters intraday wave counts:
08:09 SP 500 (SPX) SPY
12:15 NASDAQ (NDX) QQQ
14:35 Russell 2000 (RUT) IWM
15:45 DAX 40 (DAX)
17:22 FTSE 100 UKX (UK100)
19:21 S&P/ASX 200 (XJO)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.