SP500 (SPX), NASDAQ 100 (NDX), Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL), Bitcoin (BTC). Stock market Elliott Wave technical analysis and trading strategies:
Elliott Wave Analysis NASDAQ Tech Stocks:
SP500 (SPX): Wave b) of B of (A) of 4).
NASDAQ 100 (NDX) Wave b) of B of (A) of 4).
Apple (AAPL): Wave c) of B of (2).
Amazon (AMZN): Wave (4).
NVIDIA (NVDA): Wave 2 of (5) ( Earnings report 20th Nov).
Meta Platforms (META): Wave (4) low in place, but need confirmation with clear Impulse wave higher.
Netflix (NFLX): Wave b) of 4.
Alphabet (GOOGL): Wave (b) of ii) of C of (2).
Microsoft MSFT: Wave (a) of ii) of C of (2) Small rally then down towards 400 (Medium Level).
Tesla (TSLA): Wave (v) of iii) of 5.
Bitcoin: (BTC): Wave iv of (iii) Expect a Classic TradingLevels pattern across 95K the Midpoint.
Financial events
Video Chapters
00:00 - NASDAQ 100 (NDX).
06:22 - SP500 (SPX)
08:21 - Apple (AAPL).
09:33 - Amazon (AMZN).
13:44 - NVIDIA (NVDA).
15:49 - Meta Platforms (META).
17:49 - Netflix (NFLX) .
18:54 - Alphabet (GOOGL).
21:30 - Microsoft MSFT.
22:19 - Tesla (TSLA).
24:39 - Bitcoin.
27:01 End.
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Editors’ Picks
EUR/USD struggles near 1.0550 amid dour mood
EUR/USD struggles near 1.0550 in the European morning on Thursday. The pair faces headwinds from risk-off flows due to rising geopolitical conflict between Russia and Ukraine and worries over the potential US tariffs on the EU. ECB- and Fedspeak are awaited.
GBP/USD trades around 1.2650, upside potential seems limited
GBP/USD keeps its range near 1.2650 in early European trading on Thursday. The pair's sidetrend could be attributed to the softer US Dollar and a risk-aversion market environment. Traders stay cautious amid rife geopolitical tensions and a light economic calendar. Fedspeak eyed.
Gold price retains its bullish bias near one-week high amid rising geopolitical risks
Gold price maintains its bid tone heading into the European session and currently trades around the $2,660 level, or a one-and-half-week high touched earlier this Thursday. This marks the fourth straight day of a positive move and is sponsored by geopolitical risks stemming from the worsening Russia-Ukraine war.
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange
Shiba Inu (SHIB) trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.
Sticky UK services inflation to keep BoE cutting gradually
Services inflation is set to bounce around 5% into the winter, while headline CPI could get close to 3% in January. That reduces the chance of a rate cut in December, but in the spring, we think there is still a good chance the Bank of England will accelerate its easing cycle.
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