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

No changes in the counts from Friday as the market consolidated sideways. We are still looking to hold under the 4812 area on the ES and push down in at least a minor pullback towards 4631. If they can push through that we would be looking at 4400 in a bigger pullback.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ is still consolidating near the highs. We would like to see a break of the Friday low to get the ball rolling to the downside but until they break support pressure remains up.

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.