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 took the squeeze route on the FED catalyst and poked over last weeks high before rejecting a little into the close. Now if they can put their foot on the gas we should see 5850+ in the coming week or so from the market.

However, if they fail in 5 waves from anywhere on the chart we could be looking at a major market meltdown.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ also pushed back to it’s Friday’s highs but couldn’t get through. We would look for follow through from the bulls now to take the market back towards 20700+. If they get there the pullback will be important.

However, if the bears can push down in 5 waves from anywhere on the chart we could be looking at a major market breakdown.

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.