Elliott Wave analysis: Growth ahead for US, Euro, and Asian indices [Video]

Peter Mathers TradingLounge

Today's Stock Market Indices 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: S&P 500, SPY, NASDAQ 100, QQQ on track for higher levels as the Elliott wave count was suggesting. Trading Strategies is continue holding long trades for US markets. It's nice to see Euro and Asian indices lift off their lows presenting us with the first Elliott Impulse wave up off the lows, this impulse wave the SPY and QQQ are not completed, so let them top and turn lower, patience is required for this and then look to trade long on wave b of a Classic TradingLevels pattern (CTLP). I', thinking the next long trade set up will come late Thursday early Friday and if that is the case and Friday closes firmly then hold those positions into next week

Video chapters

00:00 - SP 500 (SPX), SPY ETF.

15:40 - NASDAQ (NDX), QQQ ETF.

23:25 - Russell 2000 (RUT) IWM ETF.

25:19 - DAX 40 (DAX).

29:58 - FTSE 100 UKX (UK100).

32:10 - S&P/ASX 200 (XJO).

37:16 - End.

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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