S&P/ASX 200 (^AXJO) Technical Analysis

Elliott Wave Analyst - tradinglounge • Aug 19, 2021 at 4:38 AM EDT

The banks control the movement on the ASX 200 and banks are topping in Wave (3) starting their Wave (4) corrections which will take months.

(Video length 00:31:16)

S&P/ASX 200 Index (^AXJO) Technical Analysis Elliott Wave Forecast. Plus $CBA $ANZ $BHP $RIO $FMG, IRON ORE, COPPER, CRUDE, AUDUSD, GOLD, DXY, NIFTY 50, CHINA A50.
ASX 200 Index Overview: The banks control the movement on the ASX 200 and banks are topping in Wave (3) starting their Wave (4) corrections which will take months, in the meantime, resources stocks are finishing their Wave (4) correction that they have been in for months, they aren't finished yet, but close and we can tie their completing of Wave (4) into the US dollar Index DXY.
Copper, Iron Ore, AUDUSD, etc, once all of these resource markets have completed their intermediate Wave (4) then we can start building long trades while shorting the financials.

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