Market Outlook:

  • Bullish Trend Continuation: Any downward movements are viewed as part of a bullish corrective pattern within the overarching uptrend of the U.S. markets.
  • Trading Strategy Update: We are postponing short-term trades until after the U.S. elections. With 622 earnings reports expected today and the Federal Reserve meeting on November 7th, this week promises significant market activity.

Elliott Wave Analysis of NASDAQ Tech Stocks:

  • S&P 500 (SPX): Currently in Wave 4 with three bullish wave counts under consideration.
  • NASDAQ 100 (NDX): Progressing through Wave 4.
  • Apple (AAPL): Entered Wave (2).
  • Amazon (AMZN): In Wave iv) of 5 of (1).
  • NVIDIA (NVDA): Advancing in Wave 1 of (5).
  • Meta Platforms (META): Nearing completion of Wave 4.
  • Netflix (NFLX): Completed a Wave 4 Triangle pattern.
  • Alphabet (GOOGL): Currently in Wave 4.
  • Microsoft (MSFT): Holding at 400 support, in Wave A of (2).
  • Tesla (TSLA): Moving through Wave 4 of (1).
  • Bitcoin (BTC): In Wave 4.

Video Chapters
00:00 NASDAQ 100 (NDX). SP500 (SPX).
14:22 Apple (AAPL)
16:11 Amazon (AMZN)
18:23 NVIDIA (NVDA)
19:31 Meta Platforms (META)
22:26 Netflix (NFLX) 
23:03 Alphabet (GOOGL)
25:08 Microsoft MSFT
26:40 Tesla (TSLA)
28:25 Bitcoin
31:44 End

Analyst Peter Mathers TradingLounge™ 
Source: tradinglounge.com
See Previous Video: Nasdaq Tech Stocks Elliott Wave Analysis 
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