Summary:
Analyzing both bullish and bearish Elliott Wave counts for the SP500 and NASDAQ.
The focus is on treating current market lows as completed and identifying how and when to enter long trades.
As the rally from the lows may still be either impulsive or corrective, a cautious and tactical approach is required on the bullish side.
- SP500 (SPX): Wave 1.
- NASDAQ 100 (NDX): Wave1.
- Apple (AAPL): Wave (C).
- Amazon (AMZN): Wave 1.
- NVIDIA (NVDA): Wave 1.
- Meta Platforms (META): Wave 1.
- Netflix (NFLX): Wave 1.
- Alphabet (GOOGL): Wave 1.
- Microsoft MSFT: Wave 1.
- Tesla (TSLA): Wave C) lower.
- Bitcoin: Wave IV.
Key financial events to watch
Monday, March 24:
- S&P Global Flash U.S. Manufacturing PMI (March): An early indicator of manufacturing sector performance.
- S&P Global Flash U.S. Services PMI (March): Provides insight into the services sector's health.
Video chapters
00:00 S&P 500 (SPX)
07:26 NASDAQ 100 (NDX)
13:05 Apple (AAPL)
15:13 Amazon (AMZN)
16:57 NVIDIA (NVDA)
18:34 Meta Platforms (META)
20:47 Netflix (NFLX)
22:59 Alphabet (GOOGL)
25:07 Microsoft MSFT
27:15 Tesla (TSLA)
29:58 Bitcoin
As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.
Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.
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