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 started to make a slight down move and if they follow through could take us below support and down in 4. Until they break 6045 however, pressure will remain up for the short term.

However if 6045 breaks we are likely looking at 5950-5850 in wave 4 down.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ fell slightly during the session and now we will see if the bears can follow through. To do so we would look for a break of 21390 first then 21150. Until they break 21390 however, pressure will remain up and we look to 21900 next.

However, if they can’t hold 21150 we look to 20800-900 next in wave 4 down.

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.