Elliott Wave analysis: S&P 500, Nasdaq 100 and top tech stocks [Video]
|NASDAQ 100 (NDX), S&P 500 (SPX), Bitcoin (BTC), Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), and Alphabet (GOOGL).
NDX tech stocks: Elliott Wave patterns and market movements
Currently, the Elliott Wave count for many tech stocks follows a pattern of v of (v) of iii) of 1 of (5) of 3). While this general count applies to most stocks, intraday movements show that many stocks are moving similarly. We anticipate that the markets will edge higher through a series of Wave Fours, indicating a rough ride upward. It's important to avoid overtrading during this period. The next major trading opportunity will arise once Minor Wave 2 is established, which could take about a month. In the short term, we will look for swing trading opportunities from Wave iv) to Wave v of 1.
Video chapters:
00:00 NASDAQ 100 (NDX), SP500 (SPX)
06:00 Bitcoin
07:18 Apple (AAPL)
09:57 Amazon (AMZN)
14:02 NVIDIA (NVDA)
15:29 Meta Platforms (META)
17:07 Netflix (NFLX)
18:15 Alphabet (GOOGL)
19:47 Microsoft MSFT
20:51 Tesla (TSLA)
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