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 spiked higher then pulled back as expected. While this is a good start for the bears they need to follow through to make this move down stick. The key area to get through is the 4538 area. A break of that area would likely lead to 4500 fairly quickly.

However, if they can’t follow through to the downside then pressure remains up and 4615 would be the next target.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ also spiked a new high and pulled back. Again follow through is the key. If the market can break 15900 then 15800 we would look for acceleration 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.