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 rocketed higher as expected and is now looking to find a 4,5 to complete the pattern to the upside in the 5375-5450 area. Until the market breaks below 5341 pressure will remain up.

Below 5341 and the bears can start to apply pressure and look to break 5305 5295 5242

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ also rallied as expected and is looking for a 4,5 pattern to top out. We would look for 4 around 18900 then 5 to 19150-19200. As long as we are above 18900 pressure remains up.

However, a break back below 18900 would give the bears a chance to press lower below 18845 17900

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.