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Bullish SP500 Elliott Wave Analysis Ahead Of U.S. CPI And Employment Data

Oct 09, 2024Finance, No picture0

black android smartphone turned on screenImage Source: UnsplashElliott Wave Analysis for Indices: S&P 500, Nasdaq 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200At the intermediate degree, I am tracking two bullish Elliott Wave counts. We are currently holding long positions in the minute degree, specifically in Wave (iii) of iii), and plan to trade up to Minute Wave v) before exiting. This analysis primarily applies to the S&P 500 and Nasdaq 100 but can also be extended to the DAX 40. The ASX 200 and FTSE 100 are lagging in the count, both currently at Wave (i) of iii).Trading Strategy: Continue holding long positions. Please note that upcoming U.S. economic data releases, including CPI and employment figures, may influence market movements in the next session.Upcoming Financial Events:

  • Core CPI m/m
  • Unemployment Claims

    • Video Length: 00:30:55Video Chapters
    00:00 SP 500 (SPX)
    09:37 Nasdaq NDX)
    14:49 Russell 2000 (RUT) IWM ETF
    16:18 DAX 40 (DAX)
    24:33 FTSE 100 UKX (UK100)
    26:28 S&P/ASX 200 (XJO)
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