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

Peter Mathers TradingLounge

Market overview:

Wave II lows are increasingly likely, but there’s still not enough confirmation to go long. While wave 5 of (1) could climb, a pullback in ABC of (2) might give a clearer entry above wave B.

Elliott Wave analysis snapshot:

SP500 (SPX): Wave 5 of (1).
NASDAQ 100 (NDX): Wave 5 of (1).
Apple (AAPL): Wave 3 of (1).
Amazon (AMZN): Wave 5 of (1).
Nvidia (NVDA): Wave 5 of (1).
Meta (META): Wave II.
Netflix (NFLX): Wave II.
Alphabet (GOOGL): Wave 5 of (1).
Microsoft (MSFT): Wave 5 of (1).
Tesla (TSLA): Wave 5 of (1).
Bitcoin (BTC): Wave 5 of (1).

Key earnings and events:

April 14: Retail Sales (March); JPMorgan Chase, Citigroup (pre-market)
Tech earnings (April 2025):
- Apple (AAPL): Apr 24 (AMC)
- Tesla (TSLA): Apr 22 (AMC)
- Amazon (AMZN): Apr 29
- Nvidia (NVDA): May 28 (AMC)
- Microsoft (MSFT): Apr 24
- Meta (META): Apr 30 (AMC)
- Netflix (NFLX): Apr 17 (AMC)
- Alphabet (GOOGL): Apr 24

Video chapters:

00:00 S&P 500 (SPX)
06:57 NASDAQ 100 (NDX)
09:05 Apple (AAPL)
12:07 Amazon (AMZN)
15:08 NVIDIA (NVDA)
16:44 Meta Platforms (META)
18:45 Netflix (NFLX)
21:03 Alphabet (GOOGL)
24:05 Microsoft MSFT
25:24 Tesla (TSLA)
28:04 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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