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 tried failed it’s breakout attempt and now the bulls are looking weak in this structure. While they can still rally I would expect at least a test of 5800 and potentially 5725

If they break 5725 then 5650-5600 comes into play quickly.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ failed to breakout leaving the bulls holding the bag. We can now see them dip below the 20444 area and test 20000 overall. From there the bulls will need to find support or risk a major drop.

A break of 19833 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.