Federal Reserve lowers rates to 5% – In-depth Elliott Wave analysis of top stock indices

Peter Mathers TradingLounge

S&P 500, NASDAQ 100, Russell 2000, DAX 40, FTSE 100, and ASX 200, all analyzed using Elliott Wave Technical Analysis.

Market insights

Following the Fed’s recent rate cut, we've identified a peak in major indices and many individual stocks, presenting a prime opportunity to enter long positions. For optimal entry prices, consider waiting until late Thursday afternoon or Friday morning, aligning with Bullish Weekly Cycle patterns. Tune into tomorrow’s video for potential setups on long trades at more favorable price levels.

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Video chapters

Elliott Wave analysis

Comprehensive analysis for major indices:

00:00 SP 500 (SPX).
10:11 NASDAQ (NDX).
13:03 Russell 2000 (RUT) IWM ETF.
15:27 DAX 40 (DAX).
19:39 FTSE 100 UKX (UK100).
21:53 S&P/ASX 200 (XJO).
28:41 End.

Federal Funds rate update

The Federal Reserve has slashed interest rates by 50 basis points to 5%, aiming to stimulate economic growth and support businesses. This significant rate drop can lower borrowing costs, boost consumer spending, and enhance investment opportunities. Stay updated on how the Fed’s decision impacts markets and your finances.

Contract month expiration

Most major U.S. equity index futures, including S&P 500 (ES), Nasdaq-100 (NQ), and Dow Jones (YM), expire on the third Friday of their respective contract months. For September, the futures will expire on the third Friday of September.

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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