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SP500 Elliott Wave Analysis: Long Trade Opportunity Setup!


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SP 500 Elliott Wave Technical Analysis and Trading Strategies: SP 500 (SPY), NASDAQ 100 NDX, , Russell 2000 RUT Dow Jones Industrial (DJI)
Stock Market Daily News Today:Stock Market Stages Nasty Reversal With Netflix, Tesla Earnings Due
Elliott Wave Market Summary Today: Long trade opportunity setting up vi an Elliott Wave (a) (b) (c) Wave ii) pattern
Day / Trend Trading Strategies: Long above Wave (b)

Video Chapters
00:00 S&P500 SPY ETF
11:02 NASDAQ 100 (NDX) 
12:00 Russell 2000 (RUT) 
12:47 Dow Jones Industrial Average (DJI)
16:70 Thanks for watching!


Analyst Peter Mathers TradingLounge™ 

 

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    • In this comprehensive guide, we delve into the intricate world of Elliott Wave analysis applied to the NASDAQ stock market, with a special focus on trading strategies for major tech stocks including NASDAQ 100, Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), and Alphabet (GOOGL). Our latest analysis, following the close on Friday, reveals a subdued ending that aligns perfectly with the peak of Wave i), indicating a dip in short-term momentum. This scenario sets the stage for the formation of Wave (c) of ii), marking a pivotal moment for traders to gear up for the upcoming long trade setup across the indices and specific stocks discussed in our analysis. It's important to note, however, that Apple (AAPL) may stand as an exception in this trend. Currently, we are maintaining open long positions in several stocks, with the strategic goal of further building these positions into Wave iii) and beyond. Our strategy includes adding to and adjusting our entries for Microsoft (MSFT), Nvidia (NVDA), Amazon (AMZN), and fine-tuning the entry point for Alphabet (GOOGL). The latter presents a heightened risk in the forthcoming trading session, warranting a cautious approach. This analysis not only provides insights into the expected movements based on Elliott Wave theory but also offers actionable trading strategies for investors looking to capitalize on these patterns. Stay tuned for continuous updates and strategic adjustments to maximize your trading outcomes in the dynamic NASDAQ market and its leading tech giants. Video Chapters 00:00  NASDAQ 100 (NDX) SP500, JPM 06:15  Apple (AAPL) 06:53 Amazon (AMZN) 08:19 Meta Platforms (META) 09:51 NVIDIA (NVDA) 10:29 Netflix (NFLX)  11:09 Alphabet (GOOGL) 12:33 Microsoft MSFT 14:13 Tesla (TSLA) 16:40 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge.com  Join & Learn Elliott Wave from Experts Stay ahead of market movements and make informed decisions with our comprehensive analysis.    
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