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Today's Stock Market Overview:
S&P 500, Nasdaq 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. Featuring Elliott Wave Technical Analysis

Elliott Wave Analysis Indices:
Elliott Wave Analysis Indices: Nasdaq 100 and SP500 Wave (iv) of i) of 3 of (5) of 3). Waiting for the top of Wave i) and then the (a) (b) (c) corrective retracement as Wave ii) which is the long trade setup.
Today I look at the bigger picture for indices and compare the timing of Elliott wave counts with the DAX and FTSE 100.
In the medium term we can expect the current trend to last over a month, so staying long in indices and stocks is the basic trading strategy.

Video Length: 00:27:41

Video Chapters
00:00 SP 500 (SPX) 
06:35 Nasdaq (NDX)
09:28 Russell 2000 (RUT) IWM
10:03 DAX 40 (DAX)
16:06 FTSE 100 UKX (UK100)
20:44 S&P/ASX 200 (XJO)
27:19 End

Analyst Peter Mathers TradingLounge
Source: tradinglounge com  

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