Summary:
The expanded wave IV correction for US indices is nearly complete. We're expecting one more low for the indices and most stocks, though not every stock may reach that level.
Elliott Wave analysis NASDAQ tech stocks:
SP500 (SPX): Wave IV.
NASDAQ 100 (NDX): Wave IV.
Apple (AAPL): Possible Low in place.
Amazon (AMZN): Wave 4).
NVIDIA (NVDA): Wave C of 4).
Meta Platforms (META): Wave (4).
Netflix (NFLX): Wave 4).
Alphabet (GOOGL): Wave (4) possible low in place.
Microsoft MSFT: Wave (C) of 4) possible low in place.
Tesla (TSLA): Wave 4) lower.
Bitcoin: Wave IV.
Key financial events to watch
- Monday, March 10: Market opens with global cues influencing early sentiment.
- Tuesday, March 11: Early corporate earnings releases may begin setting the tone.
- Wednesday, March 12: U.S. Consumer Price Index (CPI) report is typically released (around 8:30 AM ET).
- Thursday, March 13: Weekly Initial Jobless Claims data is published.
- Friday, March 14: Major corporate earnings announcements continue driving market activity.
Video chapters:
00:00 S&P 500 (SPX)
03:00 NASDAQ 100 (NDX)
06:30 Apple (AAPL)
08:24 Amazon (AMZN)
12:08 NVIDIA (NVDA)
13:49 Meta Platforms (META)
15:31 Netflix (NFLX)
17:07 Alphabet (GOOGL)
19:18 Microsoft MSFT
20:42 Tesla (TSLA)
22:46 Bitcoin
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