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 up to our 1.382 target and pulled back in what looks to be wave iv of 3. Assuming they can hold 4870 and push back over today’s high we would be looking at wave v of 3 up to the 4965-85 area/

However, if they can’t hold 4850 the bulls could be looking at a local or longer term top.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ pushed through its 1.382 slightly before pulling back and now looks to test the 17500 area in wave iv of 3. Assuming they can hold there and push back over yesterday’s high we would look to the 17800-18000 area next.

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.