Elliott Wave analysis for global indices: In-depth insights for SP500 and NASDAQ

Our detailed Elliott Wave analysis for the SP500 and NASDAQ indicates we are currently in wave v of (v) of iii) of 1 of (5) of 3) of I. This complex wave structure suggests significant movements ahead as we approach the top of wave iii.

Recent earnings reports from NVIDIA (NVDA) have been the focal point of market attention, causing substantial intraday volatility. Despite these fluctuations, our Elliott Wave counts remain intact, confirming our projections for the completion of wave iii.

It's crucial to note that European and Asian indices are closely mirroring the US indices' intraday movements. These markets exhibit similar Elliott Wave patterns, indicating a synchronized global market behavior. This alignment underscores the interconnected nature of global financial markets and the importance of monitoring these indices collectively for a comprehensive analysis.

Video chapters: 

00:00 SP 500 (SPX), SPY ETF
08:45 NASDAQ (NDX), QQQ ETF
12:04 Russell 2000 (RUT) IWM
13:18 DAX 40 (DAX)
16:57 FTSE 100 UKX (UK100)
18:11 S&P/ASX 200 (XJO)

Share: Feed news

As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.

Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.

The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.

Recommended content


Recommended content

Editors’ Picks

EUR/USD regains traction and bounces off daily lows

EUR/USD regains traction and bounces off daily lows

After bottoming out near 1.0450, EUR/USD managed to regain some balance and revisit the 1.0470 zone on the back of alternating risk appetite trends in the FX world and amid investors' assessment of the German elections.

EUR/USD News
GBP/USD hovers around 1.2630 amid a vacillating Dollar

GBP/USD hovers around 1.2630 amid a vacillating Dollar

GBP/USD alternates gains with losses in the low-1.2600s in response to the lack of a clear direction in the global markets and a lacklustre price action surrounding the Greenback.

GBP/USD News
Gold extends consolidative phase near record highs

Gold extends consolidative phase near record highs

Prices of Gold glimmered higher on Monday, hitting an all-time high around $2,955 per ounce troy on the back of the US Dollar's inconclusive price action as investors are warming up for a key inflation report due toward the end of the week.

Gold News
Bitcoin Price Forecast: BTC standoff continues

Bitcoin Price Forecast: BTC standoff continues

Bitcoin has been consolidating between $94,000 and $100,000 since early February. Amid this consolidation, investor sentiment remains indecisive, with US spot ETFs recording a $540 million net outflow last week, signaling institutional demand weakness.

Read more
Money market outlook 2025: Trends and dynamics in the Eurozone, US, and UK

Money market outlook 2025: Trends and dynamics in the Eurozone, US, and UK

We delve into the world of money market funds. Distinct dynamics are at play in the US, eurozone, and UK. In the US, repo rates are more attractive, and bills are expected to appreciate. It's also worth noting that the Fed might cut rates more than anticipated, similar to the UK. In the eurozone, unsecured rates remain elevated.

Read more
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

Forex MAJORS

Cryptocurrencies

Signatures

Best Brokers of 2025