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 pulled back slightly as we were expecting then has started it’s move back up. As long as they can hold 6025 they have a direct path higher to the 6300+ region. Starting with a move to 6151-81 then a small pullback.

However, if they give us a break of 6025 we can see a deeper wave b or wave 4.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ pulled back slightly then started to move higher. As long as they hold 21160 we should look for a direct move to 21950 then a small pullback before starting the climb to 23000+

However, if they break below 21160 then we could see the start of a much bigger pattern to the downside.

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.