U.S. Stock Market - Elliott Wave Analysis

AmOver the last week as the market has been moving higher the volume has generally been decreasing, confirming the divergence between price and volume.

Cutout paper illustration representing scheme and Stocks inscription

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

Stock Market Summary: Over the last week as the market has been moving higher the volume has generally been decreasing, confirming divergence between price and volume and now we are seeing a significant move lower, a possible top is in play, however, an impulse wave is required to confirm a turn. Also, not all stocks will turn on the same day.
Elliott Wave Analysis: NASDAQ Possible top in play, that said, we now need to see an impulse wave down.
Trading Strategy: If the Nasdaq does end up with five waves down from the top (Impulse wave) then we can look to short-trade the counter-trend the abc corrective rally and I talk more about this in the video.

Video Length: 01:00:20

Video Chapters
00:00 SP500 / NASDAQ 100
11:11 Apple (AAPL)
20:55 Amazon (AMZN)
26:37 NVIDIA (NVDA)
32:05 Meta Platforms (META)
34:02 Netflix (NFLX) 
35:30 Enphase (ENPH)
38:31 Alphabet (GOOGL) 
46:08 Microsoft (MSFT)
49:09 Berkshire Hathaway (BRK.B)
49:40 Tesla (TSLA)
55:40 Block Inc. (SQ) 
56:37 Bank of America BAC
01:00:20 Thanks for supporting


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