Welcome to the captivating world of SP500 technical analysis, where we unlock the secrets of the market using Elliott Wave Theory. Join us on this journey as we delve into the latest insights and trends shaping today’s trading session.

SP500 Technical Analysis

In our SP500 technical analysis using Elliott Wave Theory we saw the market follow our plan perfectly. The market spiked lower and then shot higher towards the 4530 area before moving lower again. Now we have a 1,2,i,ii setup to the downside where a break of yesterday’s low would be a strong indication of follow through in the bearish setup. If that happens 4400 would be in sight.

For the bulls to take back control They will need to take out the wave 2 and wave II highs and push over 4570. Do that and we are looking at 4660 in a diagonal move.

NASDAQ Technical Analysis: Navigating Market Waters

Shifting our attention to the NASDAQ, we saw them also put together a 1,2,i,ii setup and look for them to push down through yesterday’s low and ultimately 15308. Do that and we should be looking at 14690 overall in a 5 wave pattern.

But on the other side of the coin, the bulls can still take back control with a strong push through the 15525 area.

Stay Informed with Elliott Wave Theory

As we continue our journey through SP500 and NASDAQ technical analysis, guided by the powerful Elliott Wave Theory, our goal is to keep you well-informed about the market’s ever-evolving trends and the abundant opportunities it offers. Think of it as having a trusty compass in the vast sea of trading, helping you navigate through the dynamic landscape of today’s financial markets.

So, stay tuned for more updates and insights, and may your trading journey be as thrilling as the markets themselves.