Image Source: PexelsS&P 500, SPY, Nasdaq 100, QQQ, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. Featuring Elliott Wave Technical Analysis
Our detailed Elliott Wave analysis for the SP 500 and Nasdaq indicates we are currently in wave v of (v) of iii) of 1 of (5) of 3) of I. This complex wave structure suggests significant movements ahead as we approach the top of wave iii.Recent earnings reports from NVIDIA (NVDA) have been the focal point of market attention, causing substantial intraday volatility. Despite these fluctuations, our Elliott Wave counts remain intact, confirming our projections for the completion of wave iii.It’s crucial to note that European and Asian indices are closely mirroring the US indices’ intraday movements. These markets exhibit similar Elliott Wave patterns, indicating a synchronized global market behavior. This alignment underscores the interconnected nature of global financial markets and the importance of monitoring these indices collectively for a comprehensive analysis.Video Length: 00:24:34Video Chapters
00:00 SP 500 (SPX), SPY ETF
08:45 Nasdaq (NDX), QQQ ETF
12:04 Russell 2000 (RUT) IWM
13:18 DAX 40 (DAX)
16:57 FTSE 100 UKX (UK100)
18:11 S&P/ASX 200 (XJO)
24:31 EndAnalyst Peter Mathers TradingLounge™ Australian Financial Services Licence – AFSL 317817
Source: tradinglounge comMore By This Author:Elliott Wave Technical Analysis: Spotify Technology S.A. – Wednesday, May 22
Elliott Wave Technical Forecast: Unlocking ASX Trading Success: Vanguard Australian Shares Index ETF
Elliott Wave Technical Analysis: U.S. Dollar/Canadian Dollar – Wednesday, May 22
