Summary
The upward trend in the indices remains intact, with the bullish case now beyond the bear market rally. European markets such as Dax and FTSE show a clearer number of Elliott waves compared to the SP500 and Nasdaq, which still allows many interpretations. To get clarity, we must look at individual stocks for confirmation of wave count. While a Bullish Elliott Wave Count has not fully confirmed, many stocks are increasingly united in bullish structures. This is why I added longer trading for US stocks.
Overall -Elliott Wave review
- SP500 (SPX): EST. Wave 5 of (1)
- NASDAQ 100 (NDX): Wave 5 of (1)
- DAX 40 (DAX): Wave 5 of (1)
- FTSE 100 UKX (UK100): Wave 5 of (1)
- S&P/ASX 200 (XJO): Wave 5 of (1)
Major financial events to watch
Thursday, May 1, 2025:
United States: ISM Manufacturing PMI (April)
Earnings: Apple, Amazon, McDonald's, Airbnb, Eli Lilly, Amgen
United Kingdom: S&P Global/CIPS Manufacturing PMI (April)
Germany: Hcob Manufacturing PMI (April)
Australia: AI Group Manufacturing Index (April)
Video Chapters:
- 00:00 SP 500 (SPX), Spy, ES Futures
- 15:53 NASDAQ 100 (NDX) QQQ, NQ FUTURES
- 21:20 Dax 40 (Dax)
- 23:30 FTSE 100 UKX (UK100)
- 27:11 S&P/ASX 200 (XJO) AP1! (Spi futures)
