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The stock market is currently experiencing a five-wave upward movement known as an Elliott Wave Impulse wave, which is expected to soon reach its peak before undergoing an ABC corrective retracement. Following this retracement, there will likely be another five-wave upward movement. The Elliott Wave Analysis of the SP500/NASDAQ shows that we are currently in Wave i) of 3 of (3). The recommended trading strategy is to hold long positions and add more positions during the corrective retracement, which is expected to occur on Tuesday.

Stock Market Content: SP500, Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Berkshire Hathaway (BRK/B), Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL and Bank of America BAC.

Stock Market Summary: We are seeing an Elliott Wave Impulse wave (five waves) to the upside, this will top shortly into an abc retracement then another five waves up

Elliott Wave Analysis: SP500/NASDAQ Wave i) of 3 of (3)

Trading Strategies:  Hold long and build in more positions on the abc corrective retracement probably on Tuesday

Video Chapters
00:00 SP500
05:10 Apple (AAPL)
13:31 Amazon (AMZN)
17:42 Meta Platforms (META)
19:54 Netflix (NFLX) 
21:21 Enphase (ENPH)
24:57 Tesla (TSLA)
29:13 Alphabet (GOOGL) 
30:58 Microsoft (MSFT)
32:43 Berkshire Hathaway (BRK.B)
36:07 Block Inc. (SQ) 
38:01 Bank of America BAC
42:52 Thanks for supporting

Analyst Peter Mathers TradingLounge™ 



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