Market overview: Elliott Wave structures suggest uptrend continuation
Markets are advancing through classic Elliott Wave sequences, notably waves four and five. In this update, we analyze weekly SPX and BAC charts to demonstrate the Primary and Cycle wave counts, highlighting a long-term bullish trend across major U.S. tech stocks and Bitcoin.
Our current portfolio includes long positions in top tech equities. We’re holding these trades as the market builds toward Intermediate Wave (1). While corrective waves iv) and 4 can be volatile, our strategy remains firmly bullish.
Elliott Wave Analysis highlights:
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S&P 500 (SPX): Wave 3 of (1) in play.
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NASDAQ 100 (NDX): Wave 3 of (1) progressing.
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Apple (AAPL): Starting Wave 1 of (3).
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Amazon (AMZN): Advancing in Wave (3) of 1.
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NVIDIA (NVDA): Building Wave (3) of 1.
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Meta Platforms (META): Entering (3) of 1.
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Netflix (NFLX): Developing (3) of 1.
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Alphabet (GOOGL): In Wave iii) of 3 of (1).
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Microsoft (MSFT): Advancing through Wave 3 of (1).
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Tesla (TSLA): Wave (3) of 1 forming.
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Bitcoin (BTC): Bullish Wave 3 of (1) in motion.
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Earnings Reports: Palo Alto Networks (PANW), Keysight Technologies (KEYS).
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Fed Speakers: Jefferson, Bostic, Logan, Daly, Hammack.
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Data Releases: U.S. home sales, jobless claims.
Watch the Full Video update – chapters:
00:00 – S&P 500 (SPX).
04:05 – NASDAQ 100 (NDX).
13:54 – Apple (AAPL).
15:33 – Amazon (AMZN).
17:08 – NVIDIA (NVDA).
19:19 – Meta Platforms (META).
20:19 – Netflix (NFLX).
21:02 – Alphabet (GOOGL).
23:59 – Microsoft (MSFT).
26:50 – Tesla (TSLA).
28:46 – Bitcoin (BTC).