Elliott Wave analysis: S&P 500 and top tech stocks [Video]

Peter Mathers TradingLounge

Stock Market Elliott Wave SP500 - NASDAQ 100 - RUSSELL 2000 - DAX 40 - FTSE 100 - ASX 200.
Summary: Momentum of the trend is still higher, however a profit taking correction is due for the SP 500 and NSADAQ which are close to Wave (v) of iii) then expect a bullish corrective retracement pattern.
SP 500: Elliott Wave v of (iii) Classic tradinglevels pattern (CTLP) across 4,400.
Nasdaq 100: Elliott Wave (v) of iii) Classic tradinglevels pattern (CTLP) across 15,000 (Medium Level).
Russell 2000: Classic TradingLevels pattern unfolding across the 1900. The long trade set up is not in place.
DAX 40: Same: A move to 16,300 then a Classic tradinglevels pattern (CTLP) as the next setup.
FTSE 100: This market requires 7650 as the tested support to move higher.
ASX 200: Classic tradinglevels pattern as the long trade set up across the 7300.

Video chapters

00:00 SP 500 (SPX) (SPY ETF)
05:25 NASDAQ (NDX)
07:22 Russell 2000 (RUT) + DJI
09:44 DAX 40 (DAX)
11:42 FTSE 100 (UK100)
16:39 ASX 200 (XJO)

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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