Wednesday, 2 March 2016

S&P 500, ASX 200, Hang Seng, Nikkei, STOXX, Nifty all pushing higher

This post includes daily charts for each of the S&P 500, ASX 200, Hang Seng, Nikkei, EURO STOXX 50, and Nifty. All are pushing higher, most rallying from clear trend line support and now through clear trend line resistance, while some are showing bottoming patterns. For each market the Elliott Wave form of the decline from the 2015 peaks is corrective and appears complete at recent lows, implying that all are now beginning rallies which will beat the 2015 highs. Charts include all sessions trade.

S&P 500 rallying in a 3rd wave, building the first of several 5 wave rally sequences that we will see in coming months.

ASX 200

Hang Seng



Nifty... the brief break lower this week likely completes the decline from the 2015 high.