• 826 days Will The ECB Continue To Hike Rates?
  • 827 days Forbes: Aramco Remains Largest Company In The Middle East
  • 828 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,228 days Could Crypto Overtake Traditional Investment?
  • 1,233 days Americans Still Quitting Jobs At Record Pace
  • 1,235 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,238 days Is The Dollar Too Strong?
  • 1,238 days Big Tech Disappoints Investors on Earnings Calls
  • 1,239 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,241 days China Is Quietly Trying To Distance Itself From Russia
  • 1,241 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,245 days Crypto Investors Won Big In 2021
  • 1,245 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,246 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,248 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,249 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,252 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,253 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,253 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,255 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

NASDAQ and DAX Could Turn Up This Week

DAX has sold-off sharply from around 11770 today so looks like that new swing low is coming as current decline seems very sharp. We think it represents wave C) of a second zigzag in wave (4) that can retest the lower side of a corrective channels. Ideally price will bounce from that area.

DAX 4h Elliott Wave Analysis

DAX 4-Hour Elliott Wave Analysis Chart

Nasdaq100 is down today, but with three waves from the latest high against previous five wave rally from the low. As such, we see market in temporary weakness that is seeking for a support around now at 4430-4450 area. Apr 30 low is invalidation level.

NASDAQ100 (June 2015) 1h Elliott Wave Analysis

NASDAQ100 (June 2015) 1-Hour Elliott Wave Analysis Chart

 


Interested in our analysis? Get First 2 Month @ Price of 1. http://www.ew-forecast.com/service

 

Back to homepage

Leave a comment

Leave a comment