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 pushed higher and then pulled back to close flat. We should be looking for a small pullback that holds support and the next push higher. As long we remain over 5882 we are looking to 6300-6500 overall.

If they break 5880 then this market can unravel pretty quickly

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ struggled to get going and grinded in the pivot all day. We now are consolidating as expecting and as long as we stay over 20795 we are looking to 23000-23750 overall.

A break of 20750 and the market can unravel quickly.

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.