Elliott Wave Update: DAX, FTSE, ASX Lead Rally As S&P 500 & Nasdaq 100 Enter Wave 5

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Elliott Wave Technical Analysis and Trading Strategies: S&P 500, Nasdaq 100, DAX 40, FTSE 100, ASX 200

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): Es. Wave 5 of (1)
Nasdaq 100 (NDX) NQ. 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

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

U.K.:
Economic Data: No major releases scheduled. 

Germany:
Economic Data: No major releases scheduled. 

Australia:
Economic Data: Reserve Bank of Australia (RBA) Bulletin release.  

Video Length: 00:25:13

Video Chapters for In-Depth Analysis
00:00 SP 500 (SPX), SPY, ES Futures
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)

About the Analyst
Peter Mathers - TradingLounge
Renowned for his expert Elliott Wave insights, Peter Mathers delivers actionable trading strategies and in-depth market analysis.
Source: TradingLounge.com


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