Elliott Wave forecast: SP500, NASDAQ and tech giants [Video]

Peter Mathers TradingLounge

Elliott Wave Trading Strategies: SP500 (SPX), NASDAQ 100 (NDX), Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL), Bitcoin (BTC).

Summary:

Indices and stocks will continue to move lower in their first major leg low as Wave A). there are some exceptions, MSFT, TSLA... but they too will follow the same pathways lower and then their rallies.

You can short the market, but as we are entering a series of wave fours this week, expect small rallies, so have wider stops if you have lower price points as targets

Elliott Wave analysis Naskaq tech stocks

SP500 (SPX): Wave (5) of A) of II.

NASDAQ 100 (NDX): Wave (5) of A) of II.

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 (2).

Alphabet (GOOGL): Wave (5) of A) of II.

Microsoft MSFT: Wave (5) of A) of II.

Tesla (TSLA): Wave C of (B).

Bitcoin: Wave A) of II.

Key financial events to watch

Monday, April 7:

Consumer Credit Data: February's consumer credit figures will be released at 3:00 PM ET, providing insights into borrowing trends.

Video chapters

- 00:00 S&P 500 (SPX).

- 08:40 NASDAQ 100 (NDX).

- 09:10 Apple (AAPL).

- 12:39 Amazon (AMZN).

- 19:30 NVIDIA (NVDA).

- 11:54 Meta Platforms (META).

- 13:15 Netflix (NFLX) .

- 14:10 Alphabet (GOOGL).

- 15:31 Microsoft MSFT.

- 28:24 Tesla (TSLA).

- 19:00 Bitcoin.

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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