Stock Market Report S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. Elliott Wave Analysis.
Elliott Wave Analysis: Presently, technology stocks are undergoing an ABC Zigzag correction pattern, influencing indices like Nasdaq 100, S&P 500, and Dax. The correction appears poised to conclude within one to two trading sessions, potentially paving the way for favorable long trade setups. Notably, companies like META are reporting earnings today and tomorrow. With the completion of the ADP figures and the FOMC, coupled with the majority of tech stock earnings for the week, the outlook suggests a smoother ride for bulls in the upcoming week.
Video chapters:
00:00 SP 500 (SPX)
05:01 NASDAQ (NDX)
06:30 Russell 2000 (RUT)
07:01 DAX 40 (DAX)
08:43 FTSE 100 UKX (UK100)
10:26 ASX 200 (XJO)
