Stock Market Analysis: Elliott Wave Predicts Potential Decline In Major Indices
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TradingLounge's Stock Market Report S&P 500 - NASDAQ 100 - RUSSELL 2000 - DAX 40 - FTSE 100 - ASX 200. Elliott Wave Analysis
Summary: Looking for the low of Elliott Wave 5 of (A) for the NDX, SP500, and DAX. Most indices have the same intraday pattern and can edge lower, keeping in mind a medium-term low approaching. One of the reasons for Indices to move lower is the momentum of the larger US tech stocks.
Trading Strategies: Not recommending any short trade, however the trade is still on the short side for Indices and stocks.
Video Chapters
00:00 SP 500 (SPX)
06:27 NASDAQ (NDX)
11:35 Russell 2000 (RUT)
14:30 DAX 40 (DAX)
17:12 FTSE 100 UKX (UK100)
21:01 ASX 200 (XJO)
24:51 End
Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817
Source: tradinglounge com
Video Length: 00:24:51
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Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817