Major World Indices - Elliott Wave Analysis
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Indices Covered: S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200.
Market Summary: Recent market upswings have been largely influenced by the subpar US consumer data. This scenario increases the hesitancy for the Federal Reserve to elevate interest rates. With GDP and ADP reports on the horizon, all eyes are on their potential market impact. As the USD softens, we're witnessing a noteworthy rally in key indices, precious metals, and Bitcoin. Yet, the pressing question remains: is this rally sustainable or just a brief glimmer before a reversal?
In Today's Wave Analysis: We'll deep dive into the current Elliott wave patterns, pinpointing potential pivotal junctures that could dictate our next bullish or bearish moves.
Trading Strategies: As always, prioritize safeguarding your gains.
Video Length: 00:41:13
Video Chapters
00:00 SP 500 (SPX)
16:30 NASDAQ (NDX)
19:00 Russell 2000 (RUT)
20:40 Dow Jones IND (DJI)
21:38 DAX 40 (DAX)
23:30 FTSE 100 UKX (UK100)
26:39 ASX 200 (XJO)
41:13 End
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Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817