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 consolidated higher then started to push lower for the bearish setup. Now will the bears follow through? They need to break down below 4545 to get below the pivot and hit 4531. If they do then 4552 is the key number for the bears to hold to continue to push lower.

However, if they If they fail to breakdown and push above 4595 then we likely test 4620

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ bounced back toward the 16000 level as expected and is now trying to push lower. If they can follow through and break Monday’s low we would look for the 15400 level in C of A.

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.