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 chopped sideways as we head into the weekend. Now we will look for a breakout of the range. The bulls are looking to push up past 5025 on their way to 5045.
However, if the bears can break below 5000 then 4975 we can see 4955 then 4930 next.
NASDAQ Technical Analysis
Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ was able to push up to it’s 1.0 extension and now the 17733 support area is important. As long as we are above that we target 18000 next and 18300 overall.
However, if they break below 17733 then we can see a bigger move down to test the FED lows.
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.
