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 sell off strongly in a wave 1 of iii. We would now look for wave 2 of iii up to the 4530-50 area. From there we would look for a strong selloff to the 4427 area.

If we break directly below 4480 we could see a direct drop to the 4427 area after that.

NASDAQ Technical Analysis: Navigating Market Waters

Shifting our attention to the NASDAQ, we saw them sell off quickly to just below the .618 extension. From here we would look for a bounce to the 15530 area then a sharp selloff back to the 15112 area.

But if they break 15345 directly then we likely see 15112 in a more direct manner.

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.