Elliott Wave Analysis for NASDAQ Tech Stocks
SP500 (SPX), NASDAQ 100 (NDX), Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL), Bitcoin (BTC)
Most stocks are currently undergoing an ABC corrective pattern. This pattern is approximately halfway through and is also evident in the SPX and NDX. While the corrective patterns may be labeled slightly differently across various stocks and indices, they exhibit similar intraday movements. We may not see the conclusion of this corrective phase until late Tuesday or Wednesday.
Trading Strategies:
Once the corrective pattern concludes and the next impulse wave upwards becomes clear, we can begin to build more long positions in the market.
Video Chapters
00:00 NASDAQ 100 (NDX) SP500
03:49 Apple (AAPL)
05:51 Amazon (AMZN)
07:44 NVIDIA (NVDA)
09:24 Meta Platforms (META)
10:38 Netflix (NFLX)
13:29 Alphabet (GOOGL)
14:25 Microsoft MSFT
14:52 Tesla (TSLA)
16:45 Bitcoin
22:49 End
Analyst Peter Mathers TradingLounge™
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