Elliott Wave insights & strategies [Video]

TradingLounge’s Stock Market Report S&P 500 – NASDAQ 100 – RUSSELL 2000 – DAX 40 – FTSE 100 – ASX 200. Elliott Wave Analysis
Summary: SP500 Elliott Wave iii) of 1 of (5). The Nasdaq 100 has a different count and of course these different counts are coming from the tech stocks having a few different patterns in their journey higher, partly because they had their lows at different dates. The main point is that we are in a bullish trend higher.
Trading Strategies: Markets will move higher and will take a good few days to reach a top of Wave 1, the main trend trade will be the Wave 2 retracement that could be next week. Day traders can continue to trade higher.

Video Chapters
00:00 SP 500 (SPX) 
03:56 NASDAQ (NDX)
06:29 Russell 2000 (RUT)
07:38 DAX 40 (DAX)
09:35 FTSE 100 UKX (UK100)
10:48 ASX 200 (XJO)
15:21 End

Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence – AFSL 317817
Source: tradinglounge