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Market Top Ahead? Diminishing Volume Before Tech Earnings


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SP500 (SPX), NASDAQ 100 (NDX), Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL), Bitcoin (BTC). Stock market Elliott Wave technical analysis and trading strategies:

Over the past two months, trading volume has been diminishing even as prices for both the S&P 500 and the NASDAQ have been creeping upward, suggesting that a market top may be near. With upcoming earnings reports from AAPL, AMZN, META, and GOOGL, along with the U.S. elections, traders are exercising increased caution.

Elliott Wave Analysis NASDAQ Tech Stocks: 
SP500 (SPX): Wave c) of 4 lower towards 5780 - 5750
NASDAQ 100 (NDX) Wave 4
Apple (AAPL): abc down for Wave (ii) of v) of 5 of (1) AAPL Earnings Date 31 Oct 
Amazon (AMZN): abc down for Wave (ii). Possible retest of 185 AMZN Earnings Date 31 Oct 
NVIDIA (NVDA): Should stay above the 135
Meta Platforms (META): Wave (ii) META Earnings Date 30 Oct 
Netflix (NFLX): Lower for Wave c) of 4
Alphabet (GOOGL): Waiting for 165 support for longs. GOOGL Earnings Date 29 Oct 
Microsoft MSFT: Wave i) above 430
Tesla (TSLA): Don't chase move up as Wave v), wait for a retracement back into the Medium Level 250
Bitcoin: Looking for 68k for the next support

Financial Events

Video Chapters
00:00 NASDAQ 100 (NDX). SP500 (SPX).
13:41 Apple (AAPL)
17:10 Amazon (AMZN)
17:57 NVIDIA (NVDA)
20:23 Meta Platforms (META)
21:36 Netflix (NFLX) 
22:12 Alphabet (GOOGL)
24:29 Microsoft MSFT
26:03 Tesla (TSLA)
27:19 Bitcoin
32:46 End

Analyst Peter Mathers TradingLounge™ 
Source: tradinglounge

 

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