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 chopped sideways before falling off into the close. We now look for a slightly bigger pullback into the 5920-5880 area. If they break below 5880 then we look to the blue box and possibly lower.

However, if they hold over yesterday’s low and take out the high we would look to 6050-66 next.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ also also chopped and pulled back. From here we would look for a slightly bigger pullback to the 21100-20900 area. Below that and we could see 20400 or lower.

However, if they hold yesterday’s low and break the high we would be looking for the 21900 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.