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 push over the wave ii high and up towards a heavy resistance area at 4570. The bears will need to hold that area and then push down below 4531 to indicate we are starting a push to the downside. A break of this weeks low would be a strong indication.

For the bulls to take back control They will need to push to the 4570 area then hold 4531 and push back over 4570 to indicate the diagonal towards 4660 is playing out

NASDAQ Technical Analysis: Navigating Market Waters

Shifting our attention to the NASDAQ, we saw them extend higher toward the .764 area. As long as they can under that and push back down through 15617 we can see the C wave down play out.

But on the other side of the coin, the bulls can still take back control with a hold of the 15617 area and a push over yesterday’s high.

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.