Market top ahead? Diminishing volume before tech earnings [Video]

SP500 (SPX), NASDAQ 100 (NDX), Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL), Bitcoin (BTC). Stock market Elliott Wave technical analysis and trading strategies:

Over the past two months, trading volume has been diminishing even as prices for both the S&P 500 and the NASDAQ have been creeping upward, suggesting that a market top may be near. With upcoming earnings reports from AAPL, AMZN, META, and GOOGL, along with the U.S. elections, traders are exercising increased caution.

Elliott Wave analysis Nasdaq tech stocks

SP500 (SPX): Wave c) of 4 lower towards 5780 – 5750.

NASDAQ 100 (NDX) Wave 4.

Apple (AAPL): abc down for Wave (ii) of v) of 5 of (1) AAPL Earnings Date 31 Oct.

Amazon (AMZN): abc down for Wave (ii). Possible retest of 185 AMZN Earnings Date 31 Oct. 

NVIDIA (NVDA): Should stay above the 135.

Meta Platforms (META): Wave (ii) META Earnings Date 30 Oct.

Netflix (NFLX): Lower for Wave c) of 4.

Alphabet (GOOGL): Waiting for 165 support for longs. GOOGL Earnings Date 29 Oct. 

Microsoft MSFT: Wave i) above 430.

Tesla (TSLA): Don’t chase move up as Wave v), wait for a retracement back into the Medium Level 250.

Bitcoin: Looking for 68k for the next support.

Video chapters

00:00 NASDAQ 100 (NDX). SP500 (SPX).
13:41 Apple (AAPL).
17:10 Amazon (AMZN).
17:57 NVIDIA (NVDA).
20:23 Meta Platforms (META).
21:36 Netflix (NFLX).
22:12 Alphabet (GOOGL).
24:29 Microsoft MSFT.
26:03 Tesla (TSLA).
27:19 Bitcoin.
32:46 End.

Source: https://www.fxstreet.com/news/market-top-ahead-diminishing-volume-before-tech-earnings-video-202410280619