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 opened in the bottom end of the range and held support before pushing back toward the ATHs with SPX and SPY making ATHs. Now we have major catalysts tomorrow and look for the 5404-5450 area next. From here we would look for some kind of topping area and drop that breaks 5330

Drop in 3 waves and we are likely just starting supercycle IV. Drop in 5 and we are likely in c of A

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ broke out to new ATHs and is targeting the 19300-400 region. From here all drops should be treated with caution and a we should look for a break back below 18935 if the bears are going to apply any pressure.

Drop in 3 waves and we are likely just starting IV. Drop in 5 waves and we could be in C of A

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.