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 a low and has rallied back over 5900. Over 5950 and this likely becomes either the start of 5 or a B wave. If we push through 6010 we likely look at wave 5 towards the 6300+ area.

If they break the impulsive structure and hold under 6010 we could see a C wave to 5725

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ found a low and rallied much of the day. Now we are likely looking at a B wave or wave 5 towards 22000+. If they can keep the impulsive structure and break over 21115 then 22000+ is next.

If they fail to keep the impulsive structure and breakdown below 21115 then we look at C down to 19500 or possibly 18500

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.