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 gapped up but was unable to breakout like the NQ trapped in it’s range of 6050-6100 and that will be what dictates what happens next. If they break above 6100 we likely see 6200 pretty fast.

However if they drop below Tuesday’s low at any point its likely we see 6000-5950 and maybe lower.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ broke out and is running over 22000 as we have been talking about for some time here. We can still see higher but if the ES fumbles we could see a drop down in a B wave before we see a rally towards 23000

However, if they break below Tuesday’s low at any time we could see 21150 quick and will see how the bulls react there.

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.