US Stock Market Correction Continues: Lower Prices In Play

The US stock market is currently experiencing a correction, with the lower prices still in play. According to Elliott Wave analysis, the SP500/NASDAQ is in Wave C of 2.  This suggests that the market is in a corrective phase and may be prone to further declines. As a result, trading strategies that take advantage of the short side may be appropriate.

Stock Market Summary:  Corrections lower are still in play

Stock Market Content: SP500, Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Berkshire Hathaway (BRK/B), Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL. XLF Finance Sector ETF, JPMorgan JPM & Bank of America BAC, Goldman Sachs Group Inc (GS)

Elliott Wave Analysis: SP500/Nasdaq Wave C of 2
Trading Strategies:  Short Side

Video Chapters
00:00 SP500 / NASDAQ
06:13 Apple (AAPL)
12:29 Amazon (AMZN)
16:44 NVIDIA (NVDA)
21:05 Meta Platforms (META)
26:52 Netflix (NFLX) 
25:55 Enphase (ENPH)
33:20 Tesla (TSLA)
38:06 Alphabet (GOOGL) 
39:55 Microsoft (MSFT)
41:24 Berkshire Hathaway (BRK.B)
42:01 Block Inc. (SQ) 
43:09 Bank of America BAC

Video length 00:44:07


More By This Author:

Elliott Wave Technical Analysis: Okta Inc.
Elliott Wave Technical Analysis: European Indices
Elliott Wave Technical Analysis: Bitcoin / U.S. Dollar - Friday, Feb. 17

TRIAL Buy 1 Month Get 3 Months 

Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with