Summary:

Markets remain bullish, currently positioned in Wave ii of (v) of v of 3 of (1), suggesting further upward momentum into Minor Wave 3. Traders should hold bullish positions until this anticipated peak later this week, closely monitoring key tech stocks and indices.

Elliott Wave Analysis:

• S&P 500 (SPX): Advancing within Wave (v) of v of 3 of (1)

• Nasdaq 100 (NDX): Gaining momentum in Wave (v) of v of 3 of (1)

• Apple (AAPL): Strong acceleration in Wave (iii) of iii of 3 of (3)

• Amazon (AMZN): Approaching peak of Wave v of 5 of (1)

• Nvidia (NVDA): Completing final stage Wave v of 5 of (1)

• Meta Platforms (META): Rising steadily in Wave v of 3 of (1)

• Netflix (NFLX): Finalizing Wave v of 5 of (1)

• Alphabet (GOOGL): Near completion of Wave v of 5 of (1)

• Microsoft (MSFT): Progressing through Wave v of 5 of (1)

• Tesla (TSLA): In corrective consolidation Wave B

• Bitcoin (BTC): Final stage of Wave v of 5 of (1)

Upcoming Key Events:

Monday, June 9:

• Apple WWDC 2025 keynote by CEO Tim Cook

• U.S.–China trade negotiations in London

Video Analysis Chapters:

• 00:00 – S&P 500 (SPX)

• 07:13 – Nasdaq 100 (NDX)

• 08:08 – Apple (AAPL)

• 14:35 – Amazon (AMZN)

• 17:55 – Nvidia (NVDA)

• 21:25 – Meta Platforms (META)

• 23:10 – Netflix (NFLX)

• 25:42 – Alphabet (GOOGL)

• 27:57 – Microsoft (MSFT)

• 24:20 – Tesla (TSLA)

• 27:03 – Bitcoin (BTC) / Coinbase (COIN)

Analyst: Peter Mathers | TradingLounge™
Source: tradinglounge.com

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