NASDAQ 100 (NDX), S&P 500 (SPX), Bitcoin (BTC), Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), and Alphabet (GOOGL).
NDX tech stocks: Elliott Wave patterns and market movements
Currently, the Elliott Wave count for many tech stocks follows a pattern of v of (v) of iii) of 1 of (5) of 3). While this general count applies to most stocks, intraday movements show that many stocks are moving similarly. We anticipate that the markets will edge higher through a series of Wave Fours, indicating a rough ride upward. It's important to avoid overtrading during this period. The next major trading opportunity will arise once Minor Wave 2 is established, which could take about a month. In the short term, we will look for swing trading opportunities from Wave iv) to Wave v of 1.
Video chapters:
00:00 NASDAQ 100 (NDX), SP500 (SPX)
06:00 Bitcoin
07:18 Apple (AAPL)
09:57 Amazon (AMZN)
14:02 NVIDIA (NVDA)
15:29 Meta Platforms (META)
17:07 Netflix (NFLX)
18:15 Alphabet (GOOGL)
19:47 Microsoft MSFT
20:51 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.
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