|

Elliott Wave: SP500, Nasdaq, Bitcoin, AAPL, AMZN, NVDA, MSFT, META, NFLX, GOOGL, TSLA, COIN [Video]

Elliott Wave Trading Strategies: SP500, NASDAQ, Bitcoin & Top Tech Stocks (AAPL, AMZN, NVDA, MSFT, META, NFLX, GOOGL, TSLA, COIN)

Unlock powerful Elliott Wave insights and trading strategies for major indices and leading tech stocks, including Bitcoin and Coinbase (COIN).

Market summary: Elliott Wave technical outlook

This week's market outlook remains bullish, anticipating positive trends and strong short-term trading opportunities across key indices and stocks. Elliott Wave patterns indicate significant upside potential.

Summary: The current market conditions favor positive short-term trends with substantial trading opportunities across SP500, NASDAQ 100, key tech stocks, and Bitcoin. Elliott Wave analysis indicates bullish momentum continuing this week.

Detailed Elliott Wave forecast

  • SP500 (SPX): Wave iii) of 5 of (1).
  • NASDAQ 100 (NDX): Wave iii) of 5 of (1).
  • Apple (AAPL): Wave 1 of (3).
  • Amazon (AMZN): Wave iii) of 5 of (1).
  • NVIDIA (NVDA): Wave iii) of 5 of (1).
  • Meta Platforms (META): Wave iii) of 5 of (1).
  • Netflix (NFLX): Wave iii) of 5 of (1).
  • Alphabet (GOOGL): Wave iii) of 5 of (1).
  • Microsoft (MSFT): Wave iii) of 5 of (1).
  • Tesla (TSLA): Wave c) of 4 of (1).
  • Bitcoin (BTC): Wave c) of 4.
  • Coinbase (COIN): Included in Bitcoin market analysis.

Key economic events (week of June 2)

  • Monday, June 2:
    • S&P Global Manufacturing PMI (May).
    • ISM Manufacturing PMI (May).
    • Construction Spending (Apr).
    • Fed Chair Jerome Powell's Speech.

Watch our video analysis

  • 00:00 – S&P 500 (SPX).
  • 07:05 – NASDAQ 100 (NDX).
  • 09:32 – Apple (AAPL).
  • 11:27 – Amazon (AMZN).
  • 13:46 – NVIDIA (NVDA).
  • 17:19 – Meta Platforms (META).
  • 19:44 – Netflix (NFLX).
  • 21:43 – Alphabet (GOOGL).
  • 23:01 – Microsoft (MSFT).
  • 25:01 – Tesla (TSLA).
  • 26:58 – Bitcoin (BTC) / Coinbase (COIN).
Youtube preview

Author

Peter Mathers

Peter Mathers

TradingLounge

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

More from Peter Mathers
Share:

Editor's Picks

EUR/USD flirts with weekly lows near 1.1770

EUR/USD now comes under further selling pressure, breaking below the 1.1800 support to challenge the area of weekly throughs near 1.1770 on Thursday. The pair’s decline comes in response to marked gains in the US Dollar amid steady geopolitical tensions. Ealier in the day, the ECB’s Lagarde delivered cautious remarks, although the currency remained apathetic.

GBP/USD threatens the 200-day SMA near 1.3440

GBP/USD rapidly leaves behind Wednesday’s strong advance, coming under heavy pressure and retesting the 1.3440 zone, where the critical 200-day SMA is located. Cable’s deep pullback follows the strong gains in the Greenback, while investors continue to pencil in a potential BoE rate cut in March.

Gold trims gains, slips back to around $5,170

Gold is now facing some downside pressure, hovering around the $5,170 region on Thursday. The yellow metal surrenders part of its earlier gains on the back of the resurgence of the buying interest in the Greenback. In the meantime, geopolitical tensions in the Middle East continue to limit the downside potential for now.

Stellar: Relief bounce fades as bearish undertone persists

Stellar is trading around $0.16 at the time of writing on Thursday after rebounding more than 8% in the previous day. Derivatives data paints a negative picture as XLM’s short bets hit a monthly high while Open Interest continues to decline.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Bitcoin steadies as traders eye US–Iran talks

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Thursday after a 6.2% relief rally the previous day amid a broader downward trend.