Market Indices in Focus: Elliott Wave Analysis and Trade Strategy Amid S&P 500 Decline

04Sep

Market Indices in Focus: Elliott Wave Analysis and Trade Strategy Amid S&P 500 Decline

PeterM | 04 Sep, 2024 | Elliott Wave, stock market analysis, trade strategy, S&P 500, NASDAQ 100, ASX 200, DAX 40, FTSE 100, Wave 2 correction, long trade setup, technical analysis, global indices, market trends, investing, trading | Indices | 0 Comments | Return|

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)
08:17 NASDAQ (NDX)
11:54 Russell 2000 (RUT) IWM ETF
13:03 DAX 40 (DAX)
16:13 FTSE 100 UKX (UK100)
17:23 S&P/ASX 200 (XJO)
22:39 End

Analyst Peter Mathers TradingLounge
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