Elliott Wave Trading Strategies: Market Forecast For June
Elliott Wave Trading Strategies: Market Forecast for June 16–20
This week, the markets are facing pivotal turning points as major indices such as the S&P 500 (SPX) and Nasdaq 100 (NDX) move through corrective wave 4 patterns. With key earnings, economic indicators, and geopolitical developments on deck, Elliott Wave traders are preparing for a range-bound week marked by volatility and strategic patience.
📊 Elliott Wave Analysis – U.S. Indices & Leading Tech Stocks
| Asset | Wave Count |
|---|---|
| SP500 (SPX) | Wave a) of 4 of (1) |
| Nasdaq 100 | Wave a) of 4 of (1) |
| Apple (AAPL) | Wave (2) |
| Amazon (AMZN) | Wave a) of 4 of (1) |
| Nvidia (NVDA) | Wave a) of 4 of (1) |
| Meta (META) | Wave a) of 4 of (1) |
| Netflix (NFLX) | Wave a) of 4 of (1) |
| Alphabet (GOOGL) | Wave a) of 4 of (1) |
| Microsoft (MSFT) | Wave a) of 4 of (1) |
| Tesla (TSLA) | Wave B |
| Bitcoin (BTC) | Wave 4 of (1) |
📉 Current Elliott Wave Summary
We’re seeing corrective Wave a of 4 patterns across major tech stocks and indices. This implies sideways price action and potential intraday swings as the market consolidates. With U.S. equity futures rollover also underway, technical noise may increase. No new trading strategies will be deployed until wave 4 completes.
🔍 Key Events This Week (June 16–20)
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Mon, June 16
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U.S.: Empire State Manufacturing Index (June)
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U.S.: Equity Index Futures Rollover
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Australia: Q2 GDP, Current Account & Capital Account Balance
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Wed, June 18
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Federal Reserve Decision: Rates expected to hold steady. Traders will watch tone and inflation commentary.
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Thur, June 19
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U.S. Markets Closed – Juneteenth Holiday
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🎥 Watch Video Chapters by Analyst Peter Mathers
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00:00 SP500 (SPX)
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07:05 Nasdaq 100 (NDX)
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08:14 Apple (AAPL)
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09:27 Amazon (AMZN)
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10:55 Nvidia (NVDA)
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12:11 Meta Platforms (META)
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14:34 Netflix (NFLX)
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15:16 Alphabet (GOOGL)
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17:37 Microsoft (MSFT)
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18:56 Tesla (TSLA)
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24:43 Bitcoin (BTC) / Coinbase (COIN) / MSTR
💡 Trading Strategy Outlook
Markets are expected to remain range-bound this week amid a cautious Fed, upcoming G7 Summit discussions, and Middle East geopolitical tensions. SP500 and tech-heavy Nasdaq may continue corrective patterns until wave 4 matures.
Strategy: Stand aside and wait for wave 4 to fully develop before entering new trades.
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