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 bounced off of support and has now entered a key resistance zone. If the bulls fail here we can see a flush to 5800-5600. If they can hold a pullback we can see a strong move back towards the highs and eventually 6300+

However, if they can’t hold 5600-5800 it’s a major warning to the bulls

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ also bounced off of support and is into key resistance. If the bulls fail we can see a flush down to 20400-600. If the bulls hold we can see a more direct move to 23000+

However, if they break down below 20100, it’s a major warning to the bulls.

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.