SP500, NASDAQ 100, Apple, Tesla and major markets [Video]
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Elliott Wave analysis and trading strategies for top markets in early 2025 In the dynamic landscape of financial markets, utilizing Elliott Wave principles and comprehensive technical analysis is essential for developing effective trading strategies. This week, our focus encompasses major indices and leading stocks, including the S&P 500 (SPX), NASDAQ 100 (NDX), Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL), and Bitcoin (BTC). Current Elliott Wave assessment Our analysis indicates that the Elliott Wave four correction is nearing its completion, entering the final Wave C leg. This downward movement is anticipated to impact both stocks and indices. However, despite the bearish trend, we believe we are approaching the final main leg of this correction phase. Traders can still capitalize on potential gains throughout the remainder of this week before the market fully transitions. Market-specific insights Each of the covered markets is currently positioned within specific Elliott Wave counts, providing a clear framework for technical analysis and trading strategies: S&P 500 (SPX): Wave 4Experiencing a Wave 4 correction, the SPX is navigating through consolidation, presenting strategic entry points for traders. NASDAQ 100 (NDX): Wave 4Similar to the SPX, the NDX is in Wave 4, reflecting volatility and opportunities for tactical trades based on wave patterns. Apple (AAPL): Wave 4AAPL is currently in Wave 4, awaiting its earnings report, which is scheduled for late January. Technical indicators suggest potential upward movement post-earnings. Tesla (TSLA): Wave 4TSLA is undergoing a Wave 4 correction, making it a candidate for short-term trading strategies focused on wave completion. Amazon (AMZN): Wave 4AMZN is in Wave 4, with upcoming earnings in early February likely to influence its wave progression and trading opportunities. Nvidia (NVDA): Wave 3NVDA is in Wave 3, indicating a strong upward trend that traders can…
Filed under: News - @ January 13, 2025 12:52 am