Elliott Wave trading strategies
This analysis explores Elliott Wave technical insights for major indices and leading tech stocks. The S&P 500 (SPX) and NASDAQ 100 (NDX) are currently undergoing corrective waves (Wave IV or II), hinting at further potential downside. Individual stocks such as Apple, Amazon, Nvidia, Meta Platforms, Netflix, Alphabet, Microsoft, Tesla, and Bitcoin are at various stages of Elliott Wave patterns, each suggesting specific market moves and trading opportunities.
Elliott Wave analysis NASDAQ tech stocks:
- SP500 (SPX): Wave IV) or II correction.
- NASDAQ 100 (NDX): Wave IV) or II correction.
- Apple (AAPL): Wave 5.
- Amazon (AMZN): Wave (5) of A) of II.
- NVIDIA (NVDA): Wave (5) of A).
- Meta Platforms (META): Wave (5) of A) of II.
- Netflix (NFLX): Wave 4).
- Alphabet (GOOGL): Wave (5) of A) of II.
- Microsoft MSFT: Wave (5) of A) of II.
- Tesla (TSLA): Wave (B) of 2).
- Bitcoin: Wave A) of II.
Key financial events to watch
Monday, March 31:
Chicago Purchasing Managers Index (PMI) for March at 9:45 AM ET.
Video chapters:
00:00 S&P 500 (SPX)
05:47 NASDAQ 100 (NDX)
10:28 Apple (AAPL)
12:21 Amazon (AMZN)
13:43 NVIDIA (NVDA)
26:01 Meta Platforms (META)
28:03 Netflix (NFLX)
15:58 Alphabet (GOOGL)
18:53 Microsoft MSFT
20:33 Tesla (TSLA)
24:08 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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