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 the bulls couldn’t hold on and the market chopped much of the day. Now with CPI incoming we have our key levels. As long as the bulls hold 5830 we look to 5990-6000 next.

However, if they fail 5830 we could see a sell down to the blue box in the 5750-5650 area.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ also gapped up and couldn’t hold on. Now with CPI we have our key numbers to watch. As long as the bulls can hold over 20800 we look to 21400-500 area next.

However, if they lose 20800 we likely look to the 20350-400 area next.

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.