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 moved lower after the bounce towards our 4300 target as expected. We are now at a key inflection point for the market. If they hold 4243 on the ES and 4200 on the SPX the bounce will tell the story. If we see a 5 wave bounce we can start to look towards 4800

However, if we break down under 4200SPX or bounce in 3 waves we will look for a bigger fallout towards 4000 to start.

NASDAQ Technical Analysis: Navigating Market Waters

Shifting our attention to the NASDAQ, we are looking at the key level of 14128. As long as the bulls can bounce off of or above that area in 5 waves we would be looking for a move back towards 16000+

If however, the bears break 15128 or bounce it in 3 waves we look at sub 14000 next.

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.