Image Source: Unsplash
 

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

Summary

After hours trading saw a sell-off in futures and stocks, creating an impulse wave lower. This suggests further lows are likely as the market reacts. Two wave counts for US indices are in progress, with one being compared to META and AMZN. Additionally, European and Asian markets are expected to open lower as they absorb new US tariffs.

Elliott Wave Analysis Overview
 

• S&P 500 (SPX): Wave 4
• Nasdaq 100 (NDX): Wave 4
• DAX 40 (DAX): Wave iv) C of (4)
• FTSE 100 (UKX): Wave 4
• S&P/ASX 200 (XJO): Wave B of (2)

Key Financial Events to Watch

Thursday, April 3, 2025

United States:

• Initial Jobless Claims for the week ending March 29 at 8:30 AM ET.
• Trade Balance for February at 8:30 AM ET.
• S&P Global Final Services PMI for March at 9:45 AM ET.
• ISM Services PMI for March at 10:00 AM ET.

United Kingdom:

• Bank of England's Monetary Policy Summary and Official Bank Rate announcement at 12:00 PM GMT.

Germany:

• Trade Balance for February at 8:00 AM GMT.

Australia:

• Trade Balance for February at 11:30 AM AEDT.

Video Length: 00:28:52

Video Chapters for In-Depth Analysis

• 00:00: S&P 500 (SPX), SPY, ES Futures
• 07:51: Nasdaq 100 (NDX) – QQQ, NQ Futures
• 15:39: DAX 40 (DAX)
• 18:43: FTSE 100 (UKX)
• 22:37: 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

More By This Author:

VanEck Gold Miners ETF GDX – Elliott Wave Technical Analysis
Elliott Wave Analysis & Technical Forecast: National Australia Bank Limited
Elliott Wave Technical Analysis: Chevron Inc. - Wednesday, April 2