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 pushed over the Friday high which is a strong indication the bulls want to take this back to the ATHs. We would look for follow through to the 6200 area next and 6250-6300 overall.

However, If we break down below the low from yesterday then 6013 we can sell very quickly to 5900 then 5750

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ also pushed out to it’s 1.0 area and is looking for continuation to the 22400 area. If they can do that we would look for them to pullback a little then press on to 23000+

However, if they break the Sunday low we look to 19300-500 next.

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.