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 launched off of support and is now looking to breakout over 5900. This would be a iii of 3 with a target of 6000+ and an overall target upwards of 6300.

If they break 5800 and then 5724 then 5650-5600 comes into play quickly.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ shot off of support and is looking to break over the 20785 area. If they do we are looking at a bull run to 23000+

A break of 20000 and 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.