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 consolidates after a big run up and gives us a couple clues as to the next move. We have what we could consider a micro wave 4 pullback and would look for a 5 up to hold 4811 and turn down.
However, if they If they blow through 4811 then a more direct move to ATHs in in the cards.
NASDAQ Technical Analysis
Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ pushed higher before selling down in what would be a wave 4 and now we look for 5 of 1 to the 1700-17100 area to complete wave 1. If they can hold there we would expect a pullback towards 15200-400
However, if they do push through 17100 directly then we likely look to the 17500-18000 area next before a wave 4 pullback.
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.
