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 trickled higher after barely holding support last week. Now we have to see if the bulls can rally or we are looking lower first. Above 5724 and we can rally directly to 6300+

If they break 5724 then we look to the 5500-5450 area next for support.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ trickled higher as well after breaking down below support last week. That means the bulls should be on alert but as long as we are above 20000 the bulls can rally to 21500+

If the market breaks below 20000 then we look to 18500 area next.

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.