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:
Over the past two months, trading volume has been diminishing even as prices for both the S&P 500 and the NASDAQ have been creeping upward, suggesting that a market top may be near. With upcoming earnings reports from AAPL, AMZN, META, and GOOGL, along with the U.S. elections, traders are exercising increased caution.
Elliott Wave analysis Nasdaq tech stocks
SP500 (SPX): Wave c) of 4 lower towards 5780 - 5750.
NASDAQ 100 (NDX) Wave 4.
Apple (AAPL): abc down for Wave (ii) of v) of 5 of (1) AAPL Earnings Date 31 Oct.
Amazon (AMZN): abc down for Wave (ii). Possible retest of 185 AMZN Earnings Date 31 Oct.
NVIDIA (NVDA): Should stay above the 135.
Meta Platforms (META): Wave (ii) META Earnings Date 30 Oct.
Netflix (NFLX): Lower for Wave c) of 4.
Alphabet (GOOGL): Waiting for 165 support for longs. GOOGL Earnings Date 29 Oct.
Microsoft MSFT: Wave i) above 430.
Tesla (TSLA): Don't chase move up as Wave v), wait for a retracement back into the Medium Level 250.
Bitcoin: Looking for 68k for the next support.
Video chapters
00:00 NASDAQ 100 (NDX). SP500 (SPX).
13:41 Apple (AAPL).
17:10 Amazon (AMZN).
17:57 NVIDIA (NVDA).
20:23 Meta Platforms (META).
21:36 Netflix (NFLX).
22:12 Alphabet (GOOGL).
24:29 Microsoft MSFT.
26:03 Tesla (TSLA).
27:19 Bitcoin.
32:46 End.
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.
Recommended content
Editors’ Picks
EUR/USD corrects sharply toward 1.0950 ahead of US NFP, Powell
EUR/USD is extending its correction toward 1.0950 in the European session on Friday. The US Dollar has come up for air after the trade war and recession fears-led sell-off, weighing on the pair. Traders look to the US NFP report and Fed Chair Powell's speech for fresh directives.
GBP/USD remains heavy near 1.3000, US NFP data awaited
GBP/USD is battling 1.3000, under heavy selling pressure in European trading on Friday. Traders resort to profit-taking on their US Dollar short positiions, re-adjusting ahead of the critical US Nonfarm Payrolls data and Fed Chair Powell speech.
Gold price sticks to negative bias around $3,100; bears seem non-committed ahead of US NFP report
Gold price meets with a fresh supply on Friday, though the downside potential seems limited. Trump’s tariffs-inspired risk-off mood might continue to act as a tailwind for the precious metal. Fed rate cut bets weigh on the USD and also contribute to limiting losses for the XAU/USD pair.
Nonfarm Payrolls forecast: US jobs growth set to slow in March amid growing worries over US tariffs
Nonfarm Payrolls are forecast to rise by 135K in March, following a 151K gain reported in February. The United States Bureau of Labor Statistics will release the jobs data on Friday at 12:30 GMT. US labor data could impact the Fed’s interest rate path, potentially affecting the US Dollar's price action.
Strategic implications of “Liberation Day”
Liberation Day in the United States came with extremely protectionist and inward-looking tariff policy aimed at just about all U.S. trading partners. In this report, we outline some of the more strategic implications of Liberation Day and developments we will be paying close attention to going forward.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.