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 tried to dip and rallied back towards the 5900 key level. If they can push through that then we are looking for a direct breakout to the 6000 area pretty quickly.

If they break Wednesday’s low then we look to 5740 then 5724 as a major test for the bulls

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ also dipped early only to rally back over Friday’s high in a bullish setup. As long as they can hold yesterday’s low we can see the NQ rally directly to 21000+

A break of Wednesday’s low likely leads to a test for the bulls at 19200-500

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.