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 pushed higher to new all time highs and continued to push after the close. We now expect the 5980-6009 area before a small pullback and continuation. Overall we would look to 6300

If they break 5850 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 up and cleared major support. We now expect it to challenge the ATHs and consolidate before pushing to the 21000-21300 area before a small pullback. Then we would look to 23000+ overall.

A break of 20450 and it likely leads to a test for the bulls at 19833 then 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.