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 found resistance and dropped through this weeks low and is on it’s way toward our support box below. As long as it holds in that box or above (5931-5883) we expect the bulls to push back towards 6200 and 6350 overall.

If they break the support box the first major warning sign for the bulls is in.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ dropped down into it’s support box and the expectation is that it will hold that area (21026-20795) and assuming they do we would look for a very strong push to the 21750-22200 areas and 2300-23750 overall

If the market breaks below that support box it’s the first major warning sign 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.