The post Elliott Wave analysis & trade strategy for global market indices appeared on BitcoinEthereumNews.com.

S&P 500 experienced its sharpest decline since the August drop as U.S. manufacturing shrank for the fifth consecutive month, while a surge in corporate bond issuance made it the busiest day on record. Stock Market Indices Overview: S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. Featuring Elliott Wave Technical Analysis. Elliott Wave Analysis for Indices: Many indices are in Intermediate Wave (2) corrections. While the S&P 500 and NASDAQ 100 have different tops for Wave (1), we anticipate Wave (2) to complete simultaneously across the SP500, DAX 40, FTSE 100, and ASX 200. Our strategy is to go long after the first upward impulse wave from the Wave (2) low, setting up a favorable long trade. Video Chapters 00:00 SP 500 (SPX)10:03 NASDAQ (NDX)11:35 Russell 2000 (RUT) IWM ETF12:42 DAX 40 (DAX)19:00 FTSE 100 UKX (UK100)20:20 S&P/ASX 200 (XJO)22:41 End Analyst Peter Mathers TradingLoungeSource: tradinglounge com     Source: https://www.fxstreet.com/news/sp-500-nasdaq-asx-elliott-wave-analysis-trade-strategy-for-global-market-indices-202409040042

---

Filed under: News - @ September 4, 2024 1:18 am