Image Source: Unsplash

Elliott Wave Analysis Indices:
SP500 and Nasdaq Minor Elliott Wave 4 appears to be completed with the help of stocks like AAPL, NFLX, and NVDA. The smaller markets RUT, DAX 40 FTSE and ASX200 are also still very close to the counts on the SP500, which is leading higher over the Nasdaq finding the 20,000 as a strong resistance.

As mentioned last week we are heading into an unfriendly trading environment, choppy sidewards price action with the overall trend edging higher, and this is still the case. No trading strategies or trend trade recommendations only smaller positions for scalping.

Video Length: 00:22:39

Video Chapters 
00:00 SP 500 (SPX)
08:17 Nasdaq (NDX)
11:54 Russell 2000 (RUT) IWM ETF
13:03 DAX 40 (DAX)
16:13 FTSE 100 UKX (UK100)
17:23 S&P/ASX 200 (XJO)
22:39 End

Analyst: Peter Mathers 
Source: tradinglounge com

More By This Author:

Elliott Wave Technical Analysis: Natural Gas - Tuesday, Aug. 27
Elliott Wave Technical Analysis: Apple Inc. - Tuesday, Aug. 27
Unlocking ASX Trading Success: Rea Group Ltd - Tuesday, Aug. 27