Trading Strategies Update: Elliott Wave Analysis on Key Markets
In this update, we examine the bullish Elliott Wave impulse driving major indices and tech stocks—including the S&P 500 (SPX), NASDAQ 100 (NDX), Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL), and Bitcoin (BTC).
Elliott Wave Market Snapshot
- S&P 500 (SPX): Wave 2 completed
- NASDAQ 100 (NDX): Wave 4 completed
- Apple (AAPL): Wave (iii) of i) of 3
- Amazon (AMZN): Wave (iii) of i) of 3
- Nvidia (NVDA): Wave (iii) of i) of 1
- Meta Platforms (META): Wave i of (i)
- Netflix (NFLX): Watch for support at 1000 for potential long entries
- Alphabet (GOOGL): Wave (4) trending lower
- Microsoft (MSFT): Possibly completed Wave (C) of 4
- Tesla (TSLA): Currently in Wave 4
- Bitcoin (BTC): Wave 4 completed
After the recent tech stock rally, allow the bullish impulse to finish. Then look for long setups on the abc retracement, particularly on wave b, as the next trading session approaches.
See previous Video: Elliott Wave Analysis SP500 & More...
Key Financial Events This Week
- Tuesday, March 4, 2025: ISM Manufacturing PMI and related data kick off the week.
- Wednesday, March 5, 2025: President Trump delivers his first post-reelection address outlining tariff updates; retail earnings from Ross Stores, Best Buy, and Target are reported.
- Thursday, March 6, 2025: ISM Services PMI release and speeches from key Fed officials ahead of the FOMC blackout.
- Friday, March 7, 2025: Major corporate earnings (e.g., Broadcom, Costco), additional economic data, and the February jobs report influence market sentiment.
Video Chapters
- 00:00 – S&P 500 (SPX)
- 05:04 – NASDAQ 100 (NDX)
- 04:17 – Apple (AAPL)
- 06:55 – Amazon (AMZN)
- 09:02 – Nvidia (NVDA)
- 10:22 – Meta Platforms (META)
- 11:48 – Netflix (NFLX)
- 14:09 – Alphabet (GOOGL)
- 23:23 – Microsoft (MSFT)
- 17:24 – Tesla (TSLA)
- 18:39 – Bitcoin (BTC)
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Risk Disclaimer: This is not financial advice.