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US Indices Wave 2 retracement in progress and we will look to buy the low of wave 2 in due course. The SP500, Nasdaq 100, Russell 200 and the DAX 40 have this pattern. The FTSE 100 and the ASX 200 have different patterns, however these markets will follow the same intraday moments as the US Indices within reason and will also look to build long positions in the same timing of the US Indices and ETFs.

Stocks: Two types of patterns occurring in these stocks. The stocks that have dropped a lot are still in their b) wave rally and will continue into the next session. Then there are the AAPL's that have made a new high. The main point is there are no decent trends occurring in the next session.

Video Length: 00:41:24

Video Chapters
00:00 SP 500 (SPX) 
10:56 NASDAQ (NDX)
17:27 Russell 2000 (RUT)
18:55 DAX 40 (DAX)
21:55 FTSE 100 UKX (UK100)
27:25 ASX 200 (XJO)
41:24 End

Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817
Source: tradinglounge com
 

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