31Mar

Elliott Wave Trading Strategies: SP500, NASDAQ 100, and Top Tech Stocks Analysis

Elliott Wave Trading Strategies: SP500, NASDAQ 100, and Top Tech Stocks Analysis

Unlock insights into the current Elliott Wave technical analysis and trading strategies for 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 Analysis Overview

Currently, the S&P 500 (SPX) and NASDAQ 100 (NDX) indices are undergoing corrective waves, identified as Wave IV or possibly Wave II, indicating potential further downside.

Detailed Elliott Wave Breakdown:

  • SP500 (SPX): Wave IV or II correction

  • NASDAQ 100 (NDX): Wave IV or II correction

  • Apple (AAPL): Currently in Wave 5

  • Amazon (AMZN): Wave (5) of A within a larger Wave II correction

  • NVIDIA (NVDA): Wave (5) of A, signaling potential downward continuation

  • Meta Platforms (META): Wave (5) of A of a larger Wave II

  • Netflix (NFLX): Undergoing Wave 4 correction

  • Alphabet (GOOGL): Wave (5) of A, part of a larger corrective Wave II

  • Microsoft (MSFT): Wave (5) of A, larger Wave II structure

  • Tesla (TSLA): Currently in Wave (B) of Wave 2 correction

  • Bitcoin (BTC): Undergoing Wave A of a larger Wave II correction

Key Financial Events

  • Monday, March 31: Watch for the Chicago Purchasing Managers Index (PMI) release at 9:45 AM ET.

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Video Chapters

  • 00:00 S&P 500 (SPX)

  • 05:47 NASDAQ 100 (NDX)

  • 10:28 Apple (AAPL)

  • 12:21 Amazon (AMZN)

  • 13:43 NVIDIA (NVDA)

  • 26:01 Meta Platforms (META)

  • 28:03 Netflix (NFLX)

  • 15:58 Alphabet (GOOGL)

  • 18:53 Microsoft (MSFT)

  • 20:33 Tesla (TSLA)

  • 24:08 Bitcoin

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