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 gave us a more consolidation on Monday as it took a stab lower before closing higher but in range for end of Month/Qtr. From here we are looking for expansion as the market is coiled and ready to move. If they can push over 5830 we would look to 6000+directly

If we see the market break down below yesterday’s low then we could look to 5600-5560

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ also consolidated on Monday and we are looking for the market to move. If they can push over last Thursday’s high we would look to 21000 more directly.

A break of yesterday’s low would lead us to the 19200-500 area

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.