Elliott Wave analysis: S&P 500, Nasdaq 100 and top tech stocks [Video]
|Summary:
In the last video, I mentioned the upward move in some tech stocks, which has further reinforced the bullish Elliott Impulse Wave. We should let this wave complete before looking for long trade setups on the ABC retracement—specifically, going long on wave B. This setup might come into play in the next trading session.
Elliott Wave analysis NASDAQ tech stocks:
- SP500 (SPX): Wave (2) Completed
- NASDAQ 100 (NDX): Wave 4) Completed
- Apple (AAPL): Wave (iii) of i) of 3
- Amazon (AMZN): Wave (iii) of i) of 3
- NVIDIA (NVDA): Wave (iii) of i) of 1
- Meta Platforms (META): Wave i of (i)
- Netflix (NFLX): If 1000 develops as support we can trade long
- Alphabet (GOOGL): Wave (4) lower
- Microsoft MSFT: Wave (C) of 4) completed?
- Tesla (TSLA): Wave (4)
- Bitcoin: Wave (4) completed.
Key financial events to watch
Tuesday, March 4, 2025:
Economic indicators like the ISM Manufacturing PMI and related data kick off the week.
Video chapters:
00:00 S&P 500 (SPX)
05:04 NASDAQ 100 (NDX)
04:17 Apple (AAPL)
06:55 Amazon (AMZN)
09:02 NVIDIA (NVDA)
10:22 Meta Platforms (META)
11:48 Netflix (NFLX)
14:09 Alphabet (GOOGL)
16:00 Microsoft MSFT
17:24 Tesla (TSLA)
18:39 Bitcoin
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.