Elliott Wave Analysis Nasdaq Tech Stocks:
Consider the correction down in the Sp500, Nasdaq and Stocks as completed; That said, we would need to build a case for that with a move to the upside. Using the SP500 I look at the next cases for further downside, however stocks are suggesting a low in place, so I will work on this case cautiously and move tactically forwards. NVDA is one stock that started its corrective pattern earlier than the other stocks and its ABC corrective pattern appears completed. As always I will move forward with an open mind, step by step and look for long trade setups.

Video Chapters
00:00 Nasdaq 100 (NDX) & SP500 (SPX)
06:57 Apple (AAPL)
08:30 Amazon (AMZN)
09:21 NVIDIA (NVDA)
10:22 Meta Platforms (META)
11:23 Netflix (NFLX) 
12:25 Alphabet (GOOGL)
13:40 Microsoft MSFT
14:40 Tesla (TSLA)
15:54 Bitcoin, Ether, Solana
21:07 End

Analyst Peter Mathers TradingLounge™ 
Source: tradinglounge

More By This Author:

Elliott Wave Technical Analysis: Avery Dennison Corp.
Unlocking ASX Trading Success: CSL Limited - Friday, July 26
Elliott Wave Technical Analysis: Australian Dollar/U.S. Dollar - Friday, July 26