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 the market bounced as expected and is headed towards our 4400-4426 target. From there we would look for the bears to hold and press lower for another low towards the 4300 area.

However, if we break directly over 4453 we could see the bulls try to take back control of the market.

NASDAQ Technical Analysis: Navigating Market Waters

Shifting our attention to the NASDAQ, we are looking for a continued bounce up towards the 15000-15216 area. From there the bears need to hold and push down impulsively to give us a lower low. Should we see that it will be showtime for the bulls as they must hold support.

If however, the bulls can push back through 15216 we could see them try to take back control of the market.

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.