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 pushed higher again and set new ATHs on SPY and SPX. Now they are approaching the highs on ES. From here the bulls need to hold 6060 on any pullback. As long as that happens we can look to 6300+ next as we do see daily and weekly squeezes building.

However, If we break down below 6060 we can sell very quickly to 5900 then 5750

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ also pushed higher and as long as they remain over 21674 we have a direct bullish path to 23000+ as we are seeing squeezes on both the daily and weekly charts.

However, if they break 21674 area then 21400 then we look to 19300-500 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.