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 dipped it’s toe in support and held and bounced for now. As long as we remain over the 5724 area we are bullish. If they can take back 5800 it would likely lead us to 6000+ breakout.
If they break 5725 then 5650-5600 comes into play quickly.
NASDAQ Technical Analysis
Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ dipped down to the 20000 level and so far has given a weak bounce. This bounce hasn’t found much traction of yet but if they can we could see them push back through 20300 on their way to 22000
A break of 19833 low likely leads to a test for the bulls at 19200-500
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.
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