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 slightly lower consolidation day. This means our parameters remain the same. As long as we are above 5712 and can push back through 5800 we would look to breakout directly to the 6024 area.

If we see the market break 5712 then we would look for the 5600-5560 area

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ also consolidated lower as we head into NFP. This means our parameters are the same. As long as we are above 19783 and push back through 20350 we look to 21000 more directly.

A break of 19783 would lead to the 19200-500 on NQ

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.