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 bulls are up against a wall and need a rally soon and preferably now if they want to save this bull market. If they can’t and lose the wave 2 low in the video we are looking at the potential end of the bull market for 10-20 years. It will take a break of the April lows to fully confirm the top is in but if we get that it could turn ugly quick.

However, if the bulls can rally we can see a return to the highs but it will take getting through 5880 and 6000

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ much like the ES is bleeding out and the bulls need a rally soon. IF they don’t we could see the end of the bull market for quite some time. They must hold the wave 2 low or the bears can jump on the waterslide down to test the April lows. From there we likely bounce but a break of the April lows is a likely knockout punch to the bulls.

However, assuming the bulls can rally we need to see a retake of 20730 then we can look to potentially new highs.

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.