TRENDING:

GBP/USD

XAU/USD

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

Peter Mathers TradingLounge

Summary:

The expanded wave IV correction for US indices is nearly complete. We're expecting one more low for the indices and most stocks, though not every stock may reach that level.

Elliott Wave analysis NASDAQ tech stocks:

SP500 (SPX): Wave IV.
NASDAQ 100 (NDX): Wave IV.
Apple (AAPL): Possible Low in place.
Amazon (AMZN): Wave 4).
NVIDIA (NVDA): Wave C of 4).
Meta Platforms (META): Wave (4).
Netflix (NFLX): Wave 4).
Alphabet (GOOGL): Wave (4) possible low in place.
Microsoft MSFT: Wave (C) of 4) possible low in place.
Tesla (TSLA): Wave 4) lower.
Bitcoin: Wave IV.

Key financial events to watch

Monday, March 10: Market opens with global cues influencing early sentiment.
Tuesday, March 11: Early corporate earnings releases may begin setting the tone.
Wednesday, March 12: U.S. Consumer Price Index (CPI) report is typically released (around 8:30 AM ET).
Thursday, March 13: Weekly Initial Jobless Claims data is published.
Friday, March 14: Major corporate earnings announcements continue driving market activity.

Video chapters:

00:00 S&P 500 (SPX)
03:00 NASDAQ 100 (NDX)
06:30 Apple (AAPL)
08:24 Amazon (AMZN)
12:08 NVIDIA (NVDA)
13:49 Meta Platforms (META)
15:31 Netflix (NFLX)
17:07 Alphabet (GOOGL)
19:18 Microsoft MSFT
20:42 Tesla (TSLA)
22:46 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.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD runs past 1.1730 after tepid US macroeconomic figures

EUR/USD extends its gains and trades above 1.1730 in the American session on Thursday. The US Dollar resumed its decline, following much weaker-than-expected Initial Jobless Claims. Market players bet for additional rate cuts despite a mildly hawkish Fed.

GBP/USD ticks north beyond 1.3400 after US employment data

GBP/USD ticks beyond 1.3400 in the American session on Thursday, as the US Dollar is back on the losing side, following worse-than-anticipated US employment-related figures. The US Federal Reserve delivered a rate cut at its December meeting, in line with the market’s expectations.

Gold bounces off $4,200 neighborhood, down a little amid mixed fundamental cues

Gold recovers slightly from the vicinity of the $4,200 mark, though it sticks to its negative bias through the first half of the European session. The US Dollar attracts some buyers and recovers a part of the previous day's post-FOMC slump to its lowest level since October 24. This fails to assist the commodity in capitalizing on its modest intraday uptick to the weekly high.

Solana dips as hawkish Fed cuts dampen market sentiment

Solana price is trading below $130 on Thursday, after being rejected at the upper boundary of its falling wedge pattern. The broader market weakness following the Federal Reserve’s hawkish rate cut has added to downside momentum.

FOMC Summary: A split cut and a clear shift toward caution

The Federal Reserve (Fed) went ahead with a 25 basis points rate cut, taking the target range to 3.50–3.75%. But the tone around the decision mattered just as much as the move.