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 continued lower into the 4150-70 range as expected and provide a bounce. From there the market fell into the close and now we look at one more push up to the 4200-18 area then down to 4096.
If however, the bears break directly below the low from yesterday then wave 4 is already done and we are headed to 4096 directly in 5.
NASDAQ Technical Analysis
Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ also pushed down into the target area then bounced. It does look like it needs higher towards the 14415-14550 area before resuming it’s move lower to the 13850 area.
However, if they are able to break yesterday’s low it becomes more likely we head more directly to the 13850 area.
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.
