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 continued to push through the pivot and now we look to 6120 next. Assuming they hit that area we need them to hold 6069 on any pullback and we would look to the 6250-6300 area overall. Again this is contingent on hitting 6120. If they fail then they need ot hold the 6020 level.

However, a break of the 6069 then 6020 levels could lead to a flush to the 5700 area.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ pushed higher and is trying to push over the pivot. Assuming they can we look to the 22126 area at a minimum but preferably the 22406 level. Assuming they can hit at least 22126 they need to hold 21674 on any pullback to remain bullish to 23000+

However, if they break below 21250 then we could see the start of a much bigger pattern to the downside taking into the 19000s.

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.