The strong upward movement in indices and stocks suggests that impulse wave iii) is topping out, as evidenced by lower volumes and shorter trading ranges.

Elliott Wave Analysis of NASDAQ Tech Stocks:

  • S&P 500 (SPX): Anticipating wave (v) of iii) to reach around 6,000 as a short-term top.
  • NASDAQ 100 (NDX): Expecting wave (v) of iii) to hit approximately 21,200–21,300 as a short-term top.
  • Apple (AAPL): Currently evaluating two possible wave counts.
  • Amazon (AMZN): In wave iv) of 3.
  • NVIDIA (NVDA): In wave 4, showing a classic Trading Levels pattern across the 150 Medium Level.
  • Meta Platforms (META): Targeting wave (v) of i) at 600.
  • Netflix (NFLX): Projecting wave v) of 5 of (3) to move above 800.
  • Alphabet (GOOGL): In wave iv) of 3 around the 180 level.
  • Microsoft (MSFT): Anticipating wave (v) of a) up to 430.
  • Tesla (TSLA): Currently in wave (iii) of iii) of 5.
  • Bitcoin (BTC): In wave iii) aiming for 80.

Video Chapters
00:00 NASDAQ 100 (NDX). SP500 (SPX).
12:29 Apple (AAPL)
14:17 Amazon (AMZN)
15:10 NVIDIA (NVDA)
16:21 Meta Platforms (META)
19:30 Netflix (NFLX) 
22:23 Alphabet (GOOGL)
23:43 Microsoft MSFT
25:44 Tesla (TSLA)
27:37 Bitcoin
35:15 End

Analyst Peter Mathers TradingLounge™ 
See Previous Video: Nasdaq Tech Stocks Elliott Wave Analysis

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