Summary:
Indices and most stocks are expected to complete a Wave C of a four-wave corrective rally in the next session, riding on Friday's momentum. After that, prices are likely to trend lower into Thursday and Friday, reaching the March Equinox low amid "triple witching" day on Friday, March 21, 2025
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 1?
- Meta Platforms (META): Wave (4).
- Netflix (NFLX): Wave 4).
- Alphabet (GOOGL): Wave (4).
- Microsoft MSFT: Wave (C) of 4).
- Tesla (TSLA): Wave 4) lower.
- Bitcoin: Wave IV.
Key financial events to watch
Monday, March 17:
- Retail Sales (February)
- Empire State Manufacturing Index (March)
- Business Inventories (January)
Video chapters
00:00 S&P 500 (SPX)
03:11 NASDAQ 100 (NDX)
09:14 Apple (AAPL)
10:42 Amazon (AMZN)
11:47 NVIDIA (NVDA)
13:29 Meta Platforms (META)
15:15 Netflix (NFLX)
16:54 Alphabet (GOOGL)
18:24 Microsoft MSFT
19:17 Tesla (TSLA)
20:55 Bitcoin
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