Elliott Wave analysis: S&P 500, Nasdaq 100, DAX 40, FTSE 100 and ASX200 [Video]

Peter Mathers TradingLounge

Elliott Wave technical analysis and trading strategies

Function: Follow trend.
Mode: Motive.
Structure: Impulse.
Position: Wave 5 of (1).

Summary

DAX, FTSE and ASX are the current leaders, while SPX and NDX are launching an impulsive surge from recent lows—Likely Wave 5 of (1). Day-traders can stay long; swing and trend traders should wait for Wave (2).

Elliott Wave analysis overview

SP500 (SPX): Est. Wave 5 of (1)
NASDAQ 100 (NDX): Wave 5 of (1)
DAX 40 (DAX): Wave 5 of (1)
FTSE 100 UKX (UK100): Wave 5 of (1)
S&P/ASX 200 (XJO): Wave 5 of (1)

Key financial events to watch

Thursday, April 24

US:

Earnings: Alphabet (Google), Intel, Procter & Gamble, PepsiCo, Merck, HCA Healthcare, IBM, ServiceNow.
Economic data: Treasury auctions for 4-week and 7-year notes.

UK:

Economic data: No major releases scheduled.

Germany:

Economic data: No major releases scheduled.

Australia:

Economic data: Reserve Bank of Australia (RBA) bulletin release.

Video chapters for in-depth analysis:

00:00 SP 500 (SPX), SPY, ES futures USD / DXY / Bitcoin
12:46 NASDAQ 100 (NDX) QQQ, NQ futures
16:42 DAX 40 (DAX)
19:22 FTSE 100 UKX (UK100)
21:24 S&P/ASX 200 (XJO) AP1! (SPI futures)

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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