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 to push lower on Friday and gave us a small bounce at the close. Now we are looking for a small bounce that could potentially turn into a big rally. If they hold the 4250 then we can expect one more look to the 4096 area before a bigger rally back over 4300.

If however, the bulls break directly over the 4290 area we are likely in wave ii up and would look for the 4400 area.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ also pushed lower and now we would look for a bounce to the 14600 area. From there we would look for a move down to the 13850 area to complete C of iii to the downside.

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.