S&P 500 saw its biggest drop since August as U.S. manufacturing contracted for a fifth straight 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. With Elliott Wave technical analysis.
Elliott Wave Analysis for Indices:
Many indices are in corrections of Intermediate Wave (2). While the S&P 500 and NASDAQ 100 have different peaks for Wave (1), we anticipate Wave (2) to complete simultaneously in the SP500, DAX 40, FTSE 100 and ASX 200. Our strategy is to go long after the first bullish impulse wave from the low of Wave (2), setting up a favorable long trade.
Chapters of the video
00:00 SP 500 (SPX)
10:03 NASDAQ (NDX)
11:35 Russell 2000 (RUT) IWM ETF
12:42 DAX 40 (DAX)
19:00 FTSE 100 UKX (UK100)
20:20 S&P/ASX 200 (XJO)
22:41 End
Analyst Peter Mathers TradingLounge
Source: tradinglounge com
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
