Elliott Wave Analysis Of U.S. Tech And Finance Giants
Photo by Maxim Hopman on Unsplash
The stock market is seeing trading in the SP500, as well as several individual stocks including Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Berkshire Hathaway (BRK-B), Square (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), and Alphabet (GOOGL). The finance sector is also being closely watched, with the XLF ETF, JPMorgan (JPM), and Bank of America (BAC) all in focus, as well as Goldman Sachs Group (GS). According to the latest stock market report, many stocks are experiencing a corrective rally that is moving towards the 50-65% retracement value of the previous downward trend. Elliott Wave Analysis suggests that this movement is likely part of a 5-3-5 (a) (b) (c) Zig Zag corrective structure as Wave ii). As a result, the trading strategy is to build short positions at the top of this rally and into the start of Wave iii).
Elliott Wave Analysis: 5-3-5 (a) (b) (c) Zig Zag corrective structure as Wave ii)
Trading Strategy: Is simply to build in short positions at the top of this rally and into the start of Wave iii)
Video Length: 00:29:37
Video Chapters
00:00 SP500
06:23 Apple (AAPL)
11:38 NVIDIA (NVDA)
13:41 Amazon (AMZN)
14:26 Meta Platforms (META)
15:33 Netflix (NFLX)
16:05 Enphase (ENPH)
18:07 Tesla (TSLA)
18:53 Alphabet (GOOGL)
20:18 Microsoft (MSFT)
20:58 Berkshire Hathaway (BRK.B)
23:23 Block Inc. (SQ)
24:21 Banks JPM, GS, BAC
29:37 TRIAL Buy 1 Month Get 3 Months
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