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 dove lower before rebounding then sinking again. Now yesterday’s high and low are pretty important. If the bulls push back through 5880 we are likely looking at a squeeze into the 6100+ and ultimately 6300 areas.

However, if the bears can hold that level we look to the 5600-5650 area next to see if the bulls can hold support.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ also shot lower before heading higher then sinking again. This gives us 2 important levels. If the bulls can push back through yesterday’s RTH high then we look to 22000+ and 23000+ overall.

However, if they break yesterday’s low we look to 19200 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.