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 rallied off of last weeks lows and is now approaching some key areas. Assuming they can hold it under 4227 then we would look for another leg lower to the 4096-76 area to complete the leading diagonal off of the low.

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 rallied off of last weeks lows and is now sitting under it’s .382. Assuming they can hold 14599 or lower then we would be looking for another push down to the 13850 area to complete wave C of iii in the leading diagonal down.

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.