Elliott Wave analysis: Nasdaq and top tech stocks [Video]

Peter Mathers TradingLounge

The NASDAQ 100 (NDX), SP500 (SPX), and major tech stocks like Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL), and Bitcoin (BTC) are firmly in a bullish cycle, currently in wave (1) of 5.

As markets progress through wave (1), we've surpassed the midpoint, reaching wave (iv) of iii) of 3 of (1). Now, we are navigating a series of fours and fives, with wave iv) and minor wave 4 likely to be sideways and complex. Patience is key.

Trading strategy

Hold long positions without adding more at this stage, as upward momentum may slow. Begin considering target zones for taking profits on selected stocks.

Video chapters

00:00 NASDAQ 100 (NDX)
06:28 Apple (AAPL)
08:22 Amazon (AMZN)
08:56 NVIDIA (NVDA)
10:52 Meta Platforms (META)
11:57 Netflix (NFLX)
13:08 Alphabet (GOOGL)
14:49 Microsoft MSFT
15:53 Tesla (TSLA)
17:09 Bitcoin

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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