Elliott Wave Trading Strategies for Tech Stocks & Bitcoin: SP500, NASDAQ 100, AAPL, TSLA, AMZN, NVDA, MSFT, META, NFLX, GOOGL, BTC
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Market Overview: Elliott Wave Structures Suggest Uptrend Continuation
Markets are advancing through classic Elliott Wave sequences, notably waves four and five. In this update, we analyze weekly SPX and BAC charts to demonstrate the Primary and Cycle wave counts, highlighting a long-term bullish trend across major U.S. tech stocks and Bitcoin.
Our current portfolio includes long positions in top tech equities. We’re holding these trades as the market builds toward Intermediate Wave (1). While corrective waves iv) and 4 can be volatile, our strategy remains firmly bullish.
Impact of US Credit Downgrade on Elliott Waves: The recent US credit downgrade serves as a psychological market driver rather than altering core Elliott Wave counts. Elliott Wave Theory indicates external news typically strengthens existing wave patterns:
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Bearish Outlook: Corrections may intensify if bearish wave structures (Wave 4 or Wave C) are underway.
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Bullish Outlook: Strong bullish patterns may experience temporary corrections before resuming upward momentum.
Monitor market sentiment closely to validate your Elliott Wave analysis.
Elliott Wave Analysis Highlights:
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S&P 500 (SPX): Wave 3 of (1) in play
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NASDAQ 100 (NDX): Wave 3 of (1) progressing
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Apple (AAPL): Starting Wave 1 of (3)
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Amazon (AMZN): Advancing in Wave (3) of 1
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NVIDIA (NVDA): Building Wave (3) of 1
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Meta Platforms (META): Entering (3) of 1
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Netflix (NFLX): Developing (3) of 1
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Alphabet (GOOGL): In Wave iii) of 3 of (1)
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Microsoft (MSFT): Advancing through Wave 3 of (1)
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Tesla (TSLA): Wave (3) of 1 forming
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Bitcoin (BTC): Bullish Wave 3 of (1) in motion
Key Economic Events – Week of May 19
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Earnings Reports: Palo Alto Networks (PANW), Keysight Technologies (KEYS)
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Fed Speakers: Jefferson, Bostic, Logan, Daly, Hammack
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Data Releases: U.S. home sales, jobless claims
Watch the Full Video Update – Chapters:
00:00 – S&P 500 (SPX)
04:05 – NASDAQ 100 (NDX)
13:54 – Apple (AAPL)
15:33 – Amazon (AMZN)
17:08 – NVIDIA (NVDA)
19:19 – Meta Platforms (META)
20:19 – Netflix (NFLX)
21:02 – Alphabet (GOOGL)
23:59 – Microsoft (MSFT)
26:50 – Tesla (TSLA)
28:46 – Bitcoin (BTC)
Meet the Analyst
Peter Mathers – TradingLounge
Peter Mathers is highly respected for delivering actionable Elliott Wave insights and precise market analysis to guide your trading decisions.
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