Elliott Wave analysis: S&P 500, Nasdaq 100 and top tier stocks [Video]

Peter Mathers TradingLounge

Discover our bullish Elliott Wave analysis and trading strategies for major indices, including the S&P 500, NASDAQ 100, and DAX 40. We're currently holding long positions in Wave (iii) of iii) at the minute degree, aiming to exit at Minute Wave v). The ASX 200 and FTSE 100 are lagging slightly, positioned at Wave (i) of iii). Stay informed about how upcoming U.S. economic data releases—like Core CPI and Unemployment Claims—may impact market dynamics in the next session.

Video chapters:

00:00 SP 500 (SPX)
09:37 NASDAQ (NDX)
14:49 Russell 2000 (RUT) IWM ETF
16:18 DAX 40 (DAX)
24:33 FTSE 100 UKX (UK100)
26:28 S&P/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.

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.