Elliott Wave analysis: S&P500 and top tier stocks [Video]

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.