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 consolidated around 5850 after yesterday’s down day. As long as they can hold Wednesday’s low and rally back above 5900 we would look for a squeeze to the 6000+ area.

If they break yesterday’s low then we look to 5740 then 5724 as a major test for the bulls

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ also consolidated around a key level at 20400. If it can hold Wednesday’s low then we look for a strong move higher to the 21000+ area and ultimately 23000

A break of Wednesday’s low likely leads to a test for the bulls at 19200-500

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.