Elliott Wave Technical Analysis: U.S. Stocks - Tuesday, March 7
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Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL and Bank of America BAC.
Stock Market Summary: Jerome Powell clearly signaled that the FOMC will continue to raise the fed funds rate to combat inflation, sending the market lower into the (a) (b) (c) correction as Wave ii) is in its final stages. Jerome Powell will speak again in the next session along with the ADP Figures in the next trading session, a precursor to the NFP
Elliott Wave Analysis: SP500/NASDAQ Wave (c) ii) of 3 of (3)
Trading Strategies: The corrective pattern lower is nearly completed, so next is waiting and looking for the first impulse wave upwards and use the Classic TradingLevels pattern around the closest largest price point as the long trade setups to manage initial risk.
Video Length: 00:28:14
Video Chapters
00:00 SP500
06:43 Apple (AAPL)
18:35 Amazon (AMZN)
19:34 NVIDIA (NVDA)
22:01 Meta Platforms (META)
28:24 Netflix (NFLX)
29:44 Enphase (ENPH)
33:18 Tesla (TSLA)
34:24 Alphabet (GOOGL)
37:11 Microsoft (MSFT)
38:49 Berkshire Hathaway (BRK.B)
40:45 Block Inc. (SQ)
43:20 Bank of America BAC
46:03 Thanks for supporting
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