Elliott Wave insights: Market bullishness in S&P 500 and NASDAQ 100 [Video]
|Elliott Wave analysis for indices:
The current Elliott Wave count suggests a bullish setup, specifically wave (iii) of iii) of 3 of (1) of 5) for both the S&P 500 and NASDAQ 100. Recent lower PPI figures are supporting this bullish outlook, and the upcoming CPI figures will be critical in confirming this trend. The recent upward movement aligns well with our long positions, and we anticipate continuing to build on these trades after evaluating the CPI data. Overall, our bullish scenario remains intact and is progressing as expected.
Video chapters:
00:00 SP 500 (SPX)
06:06 NASDAQ (NDX)
10:26 Russell 2000 (RUT) IWM ETF
11:45 DAX 40 (DAX)
14:39 FTSE 100 UKX (UK100)
17:02 S&P/ASX 200 (XJO)
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