Elliott Wave Analysis of several Stock Market Index

Elliott Wave Analysis of DJIA, NDX, DAX, FTSE, FTSEMIB, SMI, NIKKEI - Update  of previous outlook (June 22, 2013).

DJIA

Preferred count: wave 1 of c minor of (y) intermediate is ending; we should soon see the correction of wave 2

First alternate scenario: Alt:5 of Alt:(c)

NDX

NDX remains in uptrend but with strong resistance in 3280-3400 area where there is a Fibonacci price cluster.

GERMAN DAX :

the wave in progress could be a sideways such as a triangle or a three  a/w-b/x-c/y-d/x-e/z of second wave (x)
the first alternate (1°Alt:) considers the top like the Cycle Top D .
the second alternate (2°Alt:) corresponds to the alternative and super bullish long-term scenario shown in the weekly chart; we would be in Alt:(2) of Alt:I

  

UK FTSE 100

this is the only stock market where my preferred long-term Outlook is bearish (not very convinced, but bearish).
It could already have reached the Cycle Top D , with a Primary wave [C] = Fibonacci's extension 0.618 of wave [A] from [B]
First alternate; we are in irregular Alt:(2) so the Top is still far.

SWISS SMI

Preferred scenario; still in uptrend of Primary degree; we should be in wave c of wave (4) intermediate;

The Alternate scenarios is more complex.

ITALIAN FTSEMIB

This is one of the weaker stock market in Eurozone.
Preferred scenario: it seems that an intermediate low, labeled wave (x) , has occured.
Now we should be in wave a of intermediate wave (y) of upward wave [C]/[Y] of Primary degree.
From several days I have a lot of long positions on my domestic stock market (see http://ChartPatternsTraders.blogspot.it ; "PORTAFOGLIO" page)

JAPAN NIKKEI

Preferred count:  we are always in wave 4 minor of (c) intermediate;
Alternate count: we are in a new bearish wave of Primary degree.

Have a great weekend ;-)!

ElwaveSurfer