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 broke through upper support and is now sitting on a critical 4850 level. If the bulls can hold that level we would look for the market to bounce and run back to the 5000+ area.

However, if 4850 falls we could be looking at a much bigger pullback.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ dropped through upper support and now sits on a critical 17250 level. Hold that and we could be looking up to the 18500+ area. This is a critical area and there are bearish divergences on big timeframes so caution is warranted.

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.