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 pushed lower as expected and held support for the bull case. From here we are looking for one more high before they break below 4800 then a spike down and then a breakout. If they can do that we would look for a break over ATHs towards the 4950 area.

However, if they break Tuesday’s low that opens the door for a bigger move down to 4730 and beyond.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ pushed lower into support as well and held. Now we have the potential for a breakout but we need to see one more high before they break 16877 then we would look for a quick pullback and breakout over the recent highs.

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.