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

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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.

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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

As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.

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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.

The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.

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