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 higher to start the day then sold down before closing back near the opening highs. We are in flux between iv of 3 and v of 3. A break over yesterday’s high likely leads us back to new ATHS and 4965-75 next.

However, if they can’t hold yesterday’s low we can see lower to 4880-73 next.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ pushed higher to start the day then sold off in a nice ABC pattern. This pattern can continue down to the 17417 area especially if they break yesterday’s low. If they are are able to hold yesterday’s low and break back over yesterday’s high we can look to 17850 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.