Elliott Wave Forecast: US, Euro, And Asian Indices On The Rise
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S&P 500, SPY, Nasdaq 100, QQQ, DAX 40, FTSE, ASX 200 Elliott Wave Analysis for Indices:
- Current Status: These indices are advancing towards higher levels as indicated by the Elliott wave count.
- Trading Strategy: Maintain long positions for the US markets.
Euro and Asian Indices:
- Recent Movement: These indices have rebounded from their lows, presenting the initial Elliott Impulse wave upward.
- SPY and QQQ:
- The current impulse wave is still developing.
- Patience is essential as we wait for them to peak and turn lower.
- Plan to trade long on wave B of a Classic Trading Levels Pattern (CTLP).
Upcoming Trade Setup:
- Timing: Anticipate the next long trade setup to occur late Thursday or early Friday.
- Action: If Friday closes strongly, hold positions into the following week.
Video Length: 00:37:16
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