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 grinds higher and has really moved into holiday trading. This means low volume pushes higher are to be expected. If that is the case the next 2 levels to watch higher are 4850ish (ATHs) and then 4881. This will likely be the case through the end of the year.

However, if they If they break 4745 then 4631 then we could see more downside.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ also grinded higher and is holiday trading mode. This means we would expect a slow grind higher with 17100 and 17340 as the next two targets higher. We would look for this to continue to the end of the year.

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.