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 grinds higher into key resistance. Now we will see if the bears can hold the 4800 ES area and start a push down. If they can we would want to see at least a test of 4700 and if more bearish a break of 4631.

However, if they If they blow through 4811 then a more direct move to ATHs in in the cards.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ pushed into its 17000 resistance and is trading slightly off of it. We would now want to see the NQ break last weeks low and if it can push down in a larger pullback to the 15400 area.

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.