Stock market Elliott Wave technical analysis and trading strategies
Featuring: S&P 500 (SPX), NASDAQ 100 (NDX), Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL), Bitcoin (BTC)
Elliott Wave analysis of Nasdaq tech stocks
Indices and leading tech stocks are currently in Wave 3 of (3) according to Elliott Wave Theory. Within this Minor Wave 3, individual stocks may display different counts. Our goal is to synchronize these counts so that they peak together during Minor Waves 3 and 4. This alignment sets the stage for the larger Intermediate Wave (3), which is our target range for swing trading long positions.
Trading strategy: Risk on
Hold long positions: Continue to maintain your long positions.
Build positions: Keep adding to your positions in line with wave counts and TradingLevels.
Alignment with wave counts: Focus on the wave counts to optimize entry and exit points.
Upcoming economic news
- Next Session: Be prepared for the upcoming Flash Manufacturing PMI and Flash Services PMI reports.
Video chapters
00:00 NASDAQ 100 (NDX). SP500 (SPX).
09:57 Apple (AAPL).
13:30 Amazon (AMZN).
16:22 NVIDIA (NVDA).
17:33 Meta Platforms (META).
19:23 Netflix (NFLX).
20:35 Alphabet (GOOGL).
22:27 Microsoft MSFT.
24:00 Tesla (TSLA).
24:45 Bitcoin.
28:24 End.
Source: https://www.fxstreet.com/news/elliott-wave-analysis-and-trading-strategies-sp-500-nasdaq-100-apple-tesla-amazon-and-bitcoin-video-202409230453