Elliott Wave analysis: S&P 500, Nasdaq 100 and top tech stocks [Video]
|The SP500 and Nasdaq may still be in wave iv), likely nearing the final stages of their wave four pattern. There are no major changes in the Elliott Wave counts for tech stocks, just normal adjustments. Our strategy is to continue holding our long positions. The Nasdaq is forming a classic trading levels pattern around 20,000, making it easy to track, though it remains in the resistance stage. AMZN is a key leader but is also encountering resistance at major level TL2|200, similar to the Nasdaq. Meta is in a favorable position above TL5|500, retesting it as support. Bitcoin and Ether may have their lows in place, but another potential low could form, with Bitcoin needing support around 63,000 to confirm stability.
Video chapters:
00:00 NASDAQ 100 (NDX), QQQ SP500, SPY.
08:25 Apple (AAPL).
09:02 Amazon (AMZN).
11:22 NVIDIA (NVDA).
12:21 Meta Platforms (META).
14:06 Netflix (NFLX).
16:03 Alphabet (GOOGL).
18:17 Microsoft MSFT.
19:01 Tesla (TSLA).
20:49 Bitcoin, Ether.
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