Elliott Wave Summary: SP500 – NASDAQ 100 – RUSSELL 2000 – DAX 40 – FTSE 100 – ASX 200
United States: Nasdaq is the greatest indices, nevertheless discussing 14,000 will see it stall. That stated I anticipate to see the 14,000 breached with more benefit in due course.
SP 500 Is at a crossroads, the existing high can be the top. I describe the bullish and bearish case and time will inform.
EU: DAX 40 is seeing its very first impulse wave down from the leading and we will want to short its restorative rally in due course.
FTSE 100 Remains in a bearish pattern, the next relocation is a counter pattern rally, like the DAX, that we can likewise want to brief.
ASX 200 Is has the very same pattern as the FTSE and when again anticipating a counter pattern rally that we can want to brief
Trading Methods: The DAX FTSE ASX and Russell 2000, when their existing impulse wave relocation lower is finished, we can anticipate the abc counter pattern, which will be the brief trade established. This is establish over the next trading session or 2.
00:00 SP 500 (SPX)
14:25 NASDAQ (NDX)
21:09 Russell 2000 (RUT)
22:50 DAX 40 (DAX)
25:12 FTSE 100 (UK100)
29:14 ASX 200 (XJO)
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Source: tradinglounge com