Image Source: Unsplash

Elliott Wave Technical Analysis: S&P 500, Nasdaq 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200

Elliott Wave Analysis for Indices:
The current Elliott Wave count suggests a bullish setup, specifically wave (iii) of iii) of 3 of (1) of 5) for both the S&P 500 and Nasdaq 100. Recent lower PPI figures are supporting this bullish outlook, and the upcoming CPI figures will be critical in confirming this trend. The recent upward movement aligns well with our long positions, and we anticipate continuing to build on these trades after evaluating the CPI data. Overall, our bullish scenario remains intact and is progressing as expected.

Video Length: 00:20:01

Video Chapters 
00:00 SP 500 (SPX)
06:06 Nasdaq (NDX)
10:26 Russell 2000 (RUT) IWM ETF
11:45 DAX 40 (DAX)
14:39 FTSE 100 UKX (UK100)
17:02 S&P/ASX 200 (XJO)
19:33 End

Analyst Peter Mathers TradingLounge
Source: tradinglounge com 

More By This Author:

Elliott Wave Technical Analysis: WTI Crude Oil - Tuesday, Aug. 13
Elliott Wave Technical Analysis: The Coca-Cola Company - Tuesday, Aug. 13
Unlocking ASX Trading Success: Rea Group Ltd. - Tuesday, Aug. 13