Elliott Wave Trading Strategies: US Indices
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Elliott Wave Analysis:
- S&P 500 and Nasdaq: Currently tracking two counts. The intraday count suggests further upside with wave (iii) of v) of 1 of (5) of 3) of I or Wave i) of 3 in play. The video provides a detailed examination of both scenarios.
- NASDAQ 100 (NDX): Increased daily volume supports further upside, as indicated by the intraday Elliott wave analysis.
- DAX 40: Expected to follow the S&P 500 and Nasdaq 100 higher.
- FTSE 100: Might have a different wave count, requiring cautious handling for long trade setups.
- ASX 200: Needs to be aligned with Australian banks for accurate wave counting and trade setups.
Summary: Minor and Intermediate wave counts suggest an upward trend for the indices. However, Minute and Minuette wave structures require careful navigation in preparation for a long trade setup on Friday.
Video Length: 00:32:28
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