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 pushed higher as expected as we try to complete the C wave of B to the 4315 area. From there we would look for the bigger C down into the 4096 area to complete 1 of C in a leading diagonal to the downside. If they break 4242 directly we would look for a more direct move lower.

If however, the bulls can push over the 1.0 at 4305 we would look for them to hold 4280 and complete a 5 wave structure back to the 4400 area.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ also pushed higher and tested the 14933 area. IF they break back above that it is problematic for the bears. If however, they hold, then we would look for them to sell down to the 13850 area in iii of C in a leading diagonal off of the highs.

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.