Market Update On Key Indices
Image Source: Pixabay
Stock Market Report S&P 500 - NASDAQ 100 - RUSSELL 2000 - DAX 40 - FTSE 100 - ASX 200. Elliott Wave Analysis
Summary: The SPX and NDX have a larger 3 waves lower, which could be bullish corrective, however stocks like Apple have 5 wave lower, so the SP and NDX 3 waves are likely to turn into 5 waves, these 5 waves would make a larger wave one, meaning a more bearish short-term outcome.
Trading Strategies: We have short trades in the SP and NDX and will look to add to those trades if we get the 5 waves lower
Video Length: 00:32:35
Video Chapters
00:00 SP 500 (SPX)
07:14 NASDAQ (NDX)
11:46 Russell 2000 (RUT)
14:46 DAX 40 (DAX)
19:08 FTSE 100 UKX (UK100)
21:42 ASX 200 (XJO)
32:35 End
More By This Author:
Elliott Wave Technical Analysis: Zscaler Inc. - Wednesday, Sept. 6
Elliott Wave Technical Analysis 4 Hour Chart: New Zealand Dollar/U.S. Dollar - Tuesday, Sept. 5
Elliott Wave Technical Analysis Day Chart - New Zealand Dollar/U.S. Dollar
Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817