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 as expected as we said the pattern would look better with another high. Now the question is are we topping yet. We are looking for a top in the 5285-5303 areas and a sharp turndown from there.

If they are unable to hold we would look to new ATHs but it would still be counted as a B wave.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ has pushed higher as we were looking for another high to complete the pattern. No we are looking for the 18500-18588 area to hold and then a sharp downturn from there.

If 18500 and 18588 can’t hold we would look to new ATHs but it would still be counted as a B wave.

Stay Informed with Elliott Wave Theory

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.