Stock Market Report S&P 500 – NASDAQ 100 – RUSSELL 2000 – DAX 40 – FTSE 100 – ASX 200. Elliott Wave Analysis.
Summary: Markets edging higher into the end of the week, we should expect lower volumes and we are seeing the Nasdaq 100 at late 2022 old highs with the SP500 not far behind. Double tops are not the end of a trend, that said its logical to see profit taking producing corrective patterns until the last top becomes the tested support for the main trend to continue higher and this is supported by the wave count in the leading tech stocks.
Video chapters
00:00 SP 500 (SPX)
08:01 NASDAQ (NDX)
09:37 Russell 2000 (RUT)
10:55 DAX 40 (DAX)
14:09 FTSE 100 UKX (UK100)
18:15 ASX 200 (XJO)
Source: https://www.fxstreet.com/news/elliott-wave-analysis-sp-500-nasdaq-and-top-tech-stocks-video-202312182039