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 take the direct route lower and that makes the 4553 level very important. The bulls will want to defend this level and look to bounce strongly where the bears will want to break through. If the bears break through we look to 4600+

However, if we break directly below 4453 we could see a direct drop to the 4427 area after that.

NASDAQ Technical Analysis: Navigating Market Waters

Shifting our attention to the NASDAQ, the bears pushed directly lower. We now have nested 1,2s and if they follow through we would look to at least the 15216 area. If they push through that we would look for the bears to take control and push to the 15096 level next.

But if they hold 15216 and bounce strongly the bulls look to 16000

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.