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 continued higher on FED day and now has an eye on 4275. Through that and we challenge 4290 then we likely push to 4400. From there we would look for resistance to hold and push down on the bulls.
If however, the bulls fail 4275 it is still possible we are in a smaller degree wave 4.
NASDAQ Technical Analysis
Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ also squeezed higher and now puts the bears on alert as they pushed through 14599. We now look to 14900-15000 as the next likely target and if the bears can hold then we would look lower on NQ as well.
However, if they are able to break directly through 15000 then we need to pay attention to the bulls for a more significant move.
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.
