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Elliott wave analysis and trading strategies for NASDAQ and S&P 500 technology stocks
In-depth analysis of NDX technology stocks: SP500 and NASDAQ Elliott Wave trends
our Elliot wave Analysis of NASDAQ 100 (NDX), QQQ ETF, SP500 (SPX), SPY, Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), indicates Netflix (NFLX) and Alphabet (GOOGL) to the development of wave iii of (i) of v) of 1 of (5) of 3) of I.
Current market forecast:
The support level remained stable last Friday, in line with our expectations. We are now looking forward to the completion of the first impulsive wave. Currently, waves i, ii and iii are appearing, and we expect waves iv and v of (i) to follow, confirming the possibility of reaching new highs in the market.
Detailed wave numbers:
- An alternative higher wave number corresponding to MSFT and AMZN was examined.
- Minor wave 1 and wave 2 appear to be present, indicating an uptrend.
- Alternatively, the current low of wave iv) can be identified as wave 2.
Trading strategy:
Once the impulse wave (i) is confirmed, we can prepare to trade wave (ii). The entry trigger will be the crest of wave b of (ii).
Stay tuned for more updates and detailed strategies to take advantage of these market movements.
Video classes
00:00 Nasdaq 100 Index (NDX) SP 500
06:49 Apple (AAPL)
08:47 Amazon (AMZN)
10:34 Nvidia (NVDA)
12:54 Meta Platforms (META)
13:50 Netflix (NFL)
16:05 Alphabet (GOOGL)
17:51 Microsoft MSFT
19:55 Tesla (TSLA)
