Elliott Wave Technical Analysis and Trading Strategies: S&P 500, NASDAQ 100, DAX 40, FTSE 100, ASX 200
Summary
SP500 and NASDAQ have a solid A B C correction as Wave (2), however the current move up cannot be confirmed as impulsive as yet, probably after the next trading session. The reason for caution is because of the patterns in the DJI, DAX, FTSE etc. as these markets can have a Wave c) of 2 lower.
Trading strategy: Will see what the Elliott wave pattern looks like on Friday for any long trades on the Wave ii) retracement.
Elliott Wave analysis overview
SP500 (SPX): Wave v) of 1 of (3).
NASDAQ 100 (NDX) Wave v) of 1 of (3).
DAX 40 (DAX): Wave b) of 2.
FTSE 100 UKX (UK100) Wave b) of 2.
S&P/ASX 200 (XJO): Wave 2.
Financial Events - US Earning Season.
Video chapters for in-depth analysis
00:00 SP 500 (SPX), SPY, ES.
11:52 NASDAQ 100 (NDX).
14:19 DAX 40 (DAX).
16:24 FTSE 100 UKX (UK100).
18:00 S&P/ASX 200 (XJO).
20:01 NIFTY 50.
22:22 DJI.
25:53 End.
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