Elliott Wave technical analysis and trading strategies
Function: Follow trend.
Mode: Motive.
Structure: Impulse.
Position: Wave 5 of (1).
Summary
DAX, FTSE and ASX are the current leaders, while SPX and NDX are launching an impulsive surge from recent lows—Likely Wave 5 of (1). Day-traders can stay long; swing and trend traders should wait for Wave (2).
Elliott Wave analysis overview
- SP500 (SPX): Est. Wave 5 of (1)
- NASDAQ 100 (NDX): Wave 5 of (1)
- DAX 40 (DAX): Wave 5 of (1)
- FTSE 100 UKX (UK100): Wave 5 of (1)
- S&P/ASX 200 (XJO): Wave 5 of (1)
Key financial events to watch
Thursday, April 24
US:
Earnings: Alphabet (Google), Intel, Procter & Gamble, PepsiCo, Merck, HCA Healthcare, IBM, ServiceNow.
Economic data: Treasury auctions for 4-week and 7-year notes.
UK:
Economic data: No major releases scheduled.
Germany:
Economic data: No major releases scheduled.
Australia:
Economic data: Reserve Bank of Australia (RBA) bulletin release.
Video chapters for in-depth analysis:
- 00:00 SP 500 (SPX), SPY, ES futures USD / DXY / Bitcoin
- 12:46 NASDAQ 100 (NDX) QQQ, NQ futures
- 16:42 DAX 40 (DAX)
- 19:22 FTSE 100 UKX (UK100)
- 21:24 S&P/ASX 200 (XJO) AP1! (SPI futures)
