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Elliott Wave analysis: S&P 500, Nasdaq 100 and top tech stocks [Video]

Peter Mathers TradingLounge

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

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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