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 held support and launched higher. It now has a setup for a breakout and if the bulls can push over 4821 then as long as we hold 4802 then we should be looking for the 4900+ area next.

However, if they can’t hold we could be looking at rapid selling to the downside in wave 3 of C

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ traded bullishly setting itself up for a breakout over the Dec highs. If they can push up through the highs and hit 17417 then as long as we hold the bottom of the pivot we should be looking to the 17700 area next.

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.