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

SPECIAL DEAL To Join: buy 1 month Get 3 months  https://tradinglounge.com/341  

Related

Soybeans Elliott Wave Technical Analysis: Assessing Current Impulse and Future Trends

Soybeans Elliott Wave Technical Analysis: Assessing Current Impulse and Future Trends

This article provides an in-depth Elliott Wave analysis of the soybean market. It covers the ongoing...

Read More >
Gold (XAUUSD) Elliott Wave Technical Analysis: Navigating Waves and Patterns for Market Insight

Gold (XAUUSD) Elliott Wave Technical Analysis: Navigating Waves and Patterns for Market Insight

In the intricate world of Elliott Wave analysis, the current outlook for gold suggests a zigzag patt...

Read More >
EURGBP Elliott WaveTechnical Analysis: Bearish Trend, Orange Wave 3 Progression, Risk Management Insights, and Forex Trading Strategies

EURGBP Elliott WaveTechnical Analysis: Bearish Trend, Orange Wave 3 Progression, Risk Management Insights, and Forex Trading Strategies

This comprehensive analysis delves into EURGBP Elliott Wave structures, highlighting the ongoing bea...

Read More >
Our Elliott Wave Analysis Provides Insight into Upcoming Price Movements for ASX: Insurance Australia Group Limited (IAG)

Our Elliott Wave Analysis Provides Insight into Upcoming Price Movements for ASX: Insurance Australia Group Limited (IAG)

Looking for an in-depth IAG stock forecast? Our Elliott Wave analysis provides insight into upcoming...

Read More >
Elliott Wave Analysis: S&P 500, NASDAQ 100, DAX 40, FTSE 100, ASX200 Trading Strategies

Elliott Wave Analysis: S&P 500, NASDAQ 100, DAX 40, FTSE 100, ASX200 Trading Strategies

Stock Market Report S&P 500 - NASDAQ 100 - RUSSELL 2000 - DAX 40 - FTSE 100 - ASX 200. Elliott Wave ...

Read More >
U.S.Dollar/Canadian Dollar(USD/CAD) Elliott Wave Technical Analysis 24 October 23

U.S.Dollar/Canadian Dollar(USD/CAD) Elliott Wave Technical Analysis 24 October 23

In summary, the USD/CAD Elliott Wave Analysis for 24 October 23, is significant for traders seeking ...

Read More >

Buy 1 Month

Get 3 Months!

Special Offer:

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competive edge with expert insights in to:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Social Chat
  • Elliott Wave Algorithm
  • Screener
  • TradingLevels
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
-Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on