NASDAQ stock market Elliott Wave analysis and trading strategies
Dive into comprehensive Elliott Wave analysis and trading strategies for top NASDAQ tech stocks and indices. Our focus includes the NASDAQ 100 (NDX), QQQ ETF, S&P 500 (SPX), SPY, and leading stocks such as Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), and Alphabet (GOOGL).
For the Elliott Wave analysis of NDX tech stocks, we are currently tracking the formation of wave (i) of v) of 1 of (5) of 3). Our main wave count for these stocks and indices remains consistent, indicating that the broader trend is still intact. However, only very short-term trades should be considered for long positions at this time. Swing traders should look to scale out of positions from mid to later this week as the market reaches critical junctures.
Our next significant long trade opportunity is anticipated from the Minor Wave 2 low, where we expect a strong buying signal. While most stocks will follow the general market trends, it's important to note that AMZN and TSLA have different wave counts. Despite this, on an intraday basis, they are likely to move in sync with the broader market, albeit with distinct wave patterns.
Stay tuned for more updates and detailed analysis as we navigate the complex but rewarding landscape of NASDAQ stock market trading using Elliott Wave principles. Our strategies are designed to help you make informed trading decisions and optimize your investment returns.
Video chapters:
00:00 NASDAQ 100 (NDX) SP 500
04:13 Apple (AAPL)
09:34 Amazon (AMZN)
12:14 NVIDIA (NVDA)
14:08 Meta Platforms (META)
15:39 Netflix (NFLX)
16:41 Alphabet (GOOGL)
17:32 Microsoft MSFT
18:31 Tesla (TSLA)
As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.
Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.
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