Jump to content

Stock Market Elliott Wave Analysis - Potential Gains Ahead for Major Indices

Recommended Posts

In today's analysis, we focus on the S&P 500, NASDAQ 100, Russell 2000, DAX 40, FTSE 100, and ASX 200 indices, while also considering the Nifty 50, Nikkei N225, and Emerging Markets Index. The outlook for the US indices remains positive, suggesting higher price levels to be attained. However, it's crucial to recognize that this ascent may not be entirely linear, as several corrective Elliott wave formations are expected to emerge.

Video Chapters
00:00 SP 500 (SPX) (SPY ETF)
11:43 NASDAQ (NDX)
14:11 Russell 2000 (RUT)
15:37 Dow Jones IND (DJI) XLI ETF
19:37 DAX 40 (DAX)
23:57 FTSE 100 UKX (UK100)
30:15 NIFTY 50
31:35 NIKKEI N225
32:35 Vanguard  Emerging Markets Index VWO
33:53 ASX 200 (XJO)
40:43 End

Elliott Wave Count:
1. S&P 500: Currently, the market seems to be unfolding in Wave (v) of v) of 3, signifying an advanced phase of an uptrend.
2. NASDAQ 100: Similar to the S&P 500, the NASDAQ 100 is likely in Wave (v) of v) of 3, supporting the overall bullish sentiment.
3. Russell 2000: The Russell 2000 index is also tracking Wave (v) of v) of 3, indicating a strong upward momentum in line with the broader market.
4. DAX 40: In contrast, the German DAX 40 appears to be in Wave (v) of i), reflecting a potential initiation of a new uptrend.
5. FTSE 100: The FTSE 100 index is currently in Wave (v) of i) or 1, signaling a potential upward wave in its initial stages.
6. ASX 200: Similarly, the ASX 200 is showing signs of Wave (v) of i) unfolding, supporting the view of a potential uptrend.

Considering the larger picture, the primary trend for these indices remains sound, with further opportunities for gains. However, it's essential to be mindful of corrective waves that may introduce temporary pullbacks or sideways movements. Investors and traders should exercise caution and stay vigilant to navigate these corrective phases successfully.

In conclusion, the major stock indices like the S&P 500, NASDAQ 100, Russell 2000, DAX 40, FTSE 100, and ASX 200 are all poised for potential advancements in their respective Elliott wave patterns. As always, market participants should employ prudent risk management strategies and adhere to their trading plans to capitalize on these opportunities while being aware of the inherent risks associated with financial markets.

Analyst Peter Mathers TradingLounge™ 



#ElliottWaveAnalysis #SP500 #NASDAQ100

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • It would be difficult and the next line of action would be withdrawal of assets to a good alternative exchange or wallet and observe how the whole drama will end 
    • The recent turbulence in the market has resulted in significant losses and liquidations for many traders. While futures trading offers the potential for rapid portfolio growth, it also carries considerable risks, demanding both bravery and a strong belief in technical analysis (TA). However, despite my attempts, futures trading hasn't been my strong suit. Creating a resilient crypto portfolio doesn't necessarily mean diving into high-risk ventures like futures trading. It took me some time to realize that there are alternative, nearly risk-free methods to build a solid portfolio. Yet, the allure of quick profits in crypto often overshadows the patience required for these strategies. Whether you're involved in futures or spot trading, the market's unpredictability can lead to significant losses, as demonstrated by the recent downturn affecting BTC and most altcoins. Many traders found themselves unprepared, lacking sufficient USDT reserves for dollar-cost averaging (DCA) during market recoveries. Nevertheless, there is hope. For those looking to maximize profits while minimizing risks, products such as launchpools, launchpads, or PoolX offer promising opportunities. Available on various top centralized exchanges (CEX), these platforms involve staking assets like USDT, BGB, BNB, or OKB, depending on the exchange. One observation I've noted is that whenever an exchange announces a launchpool or launchpad event, the value of the exchange token tends to soar. This surge is fueled by users eager to participate and earn complimentary tokens. Following the event, participants can benefit from both the acquired tokens and the increased value of the exchange token. This approach has proven successful for me, as evidenced by the recent ENA launchpool event on Bitget. Have you explored similar opportunities in the past? Please feel free to share your experiences.
  • Create New...