Market Analysis for May 4th, 2021

By Ricky Wen

May 4, 2021 - 12:13 PM EDT

Here's a quick daily chart dump, sharing for free (no updates will be posted)

NQ + AAPL+AMZN + FB +GOOGL +MSFT +TSLA daily charts....quick scan.
5/6 mega cap stocks below daily 20EMA, only FB above and remain the strongest of the bunch.
NQ broke below 13700 and opened up flood gates quickly, now 13400s...almost near 13200s prior confluence area
Know ur timeframes here, could get killed if not careful enough and being too aggressive!
Feel free to do your own homework on top of mine

tsla MAY4_REVIEW

GOOGL MAY4_REVIEW

AAPL MAY4_REVIEW

fb MAY4_REVIEW

msft MAY4_REVIEW

NQ MAY4_REVIEW

Ricky Wen is an analyst at ElliottWaveTrader.net, where he writes a nightly market column and hosts the ES Trade Alerts premium subscription service.

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