S&P 500 experienced its sharpest decline since the August drop as U.S. manufacturing shrank for the fifth consecutive month, while a surge in corporate bond issuance made it the busiest day on record.
Stock Market Indices Overview:
S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. Featuring Elliott Wave Technical Analysis.
Elliott Wave analysis for indices:
Many indices are in Intermediate Wave (2) corrections. While the S&P 500 and NASDAQ 100 have different tops for Wave (1), we anticipate Wave (2) to complete simultaneously across the SP500, DAX 40, FTSE 100, and ASX 200. Our strategy is to go long after the first upward impulse wave from the Wave (2) low, setting up a favorable long trade.
Video chapters
00:00 SP 500 (SPX)
10:03 NASDAQ (NDX)
11:35 Russell 2000 (RUT) IWM ETF
12:42 DAX 40 (DAX)
19:00 FTSE 100 UKX (UK100)
20:20 S&P/ASX 200 (XJO)
22:41 End
Analyst Peter Mathers TradingLounge
Source: tradinglounge com
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