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 gave us an attempt a move down but failed and basically closed flat for the day. From here the same parameters apply. If they can hold above 5712 and break over 5815 we likely see a direct push to 6024.

If we see the market break 5712 then we would look for the 5600-5560 area

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ also traded basically flat holding it’s low and being slightly up on the day. If the NQ can hold over 19783 and break back over Tuesday’s high we can breakout directly to 21000

A break of 19783 would lead to the 19200-500 on NQ

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.