S&P 500 & DAX 30 Elliott Wave Analysis with ASX 200 (XJO) Technical Analysis - Trading Lounge

by Peter Mathers Elliott Wave Analyst

S&P 500 [SPX] NASDAQ [NDX] AMZN, GOOG, AAPL,SQ, FB,TSLA Technical Analysis Elliott Wave Trading

Overview: 10 Year Bond Yield spike with USD DXY placing pressure on stock. That said in Elliott terms I have been looking for a top in Indices, is this it?

S&P 500 Elliott Wave: Wave (v) of v) of 5 of (3)

SP500 Trading Strategy: Neutral

ASX200, CBA ,ANZ, BHP, RIO, FMG, IRON ORE, COPPER, CRUDE, AUDUSD GOLD NCM Technical Analysis Elliott Wave

Overview: Possible top in play for the ASX200 XJO

ASX 200 Technical Analysis:In Elliott wave terms we are at a top of very close to it, the banks could take the ASX200 higher.
Resource are on the softer side, plus the US 10 Year yields have spiked and looking to move higher placing pressure on stocks and gold.

Trading Levels: ASX200 Resistance 7400

ASX200 Elliott Wave:Wavevof (v) of v) of 5 of (3)

ASX200 Trading Strategy: Thursday is normally the bear day in the Weekly Bullish Cycle, If Friday is bearish we will look to short.

DAX 30 | UK100 | FTSE 100 | STOXX 50 Technical Analysis Elliott Wave Trading

Overview: DAX 30 15,800 resistance and possible top in place but unconfirmed. We will look for short trades on Friday if the trade set-ups have formed correctly.

Elliott Wave: Wave v of (iii) of v) of 5 of (3)

TradingLevels: DAX 30 15,500 is the critical support for the DAX

DAX30 Trading Strategy: Neutral

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