Stock Market Report S&P 500 – NASDAQ 100 – RUSSELL 2000 – DAX 40 – FTSE 100 – ASX 200. Elliott Wave Analysis
Summary: Quadruple witching 15 September four major derivatives contracts expire simultaneously.
Bullish bias develops further in leading stocks and US sectors. The UK markets have broken out of a larger Triangle pattern. This breakout could indicate a shift in market dynamics, potentially favoring bullish trends. Elliott Wave analysts will closely monitor this development to gauge its sustainability and potential impact on trading strategies.
Crafting effective trading strategies:
To navigate the current market corrections effectively, traders are advised to consider the following strategies:
a. Smaller Positions on the Long Side: Given the prevailing bullish bias, consider smaller positions when entering long trades. This approach can help manage risk while capitalizing on potential upward movements.
b. Alignment with Leading Tech Stocks: As mentioned earlier, the markets are expected to continue edging higher in line with leading tech stocks. Align your trading strategies with this trend to maximize profit potential.
00:00 SP 500 (SPX)
10:58 US Sectors
16:55 NASDAQ (NDX)
20:36 Russell 2000 (RUT)
22:23 DAX 40 (DAX)
26:05 FTSE 100 UKX (UK100)
27:57 ASX 200 (XJO)