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 tested the lows and the bulls held and rallied hard into the close. If they can hold support on any subsequent pullback and then move strongly back through the previous high and then 5307 you are likely on your way to 5360-5400.

However, if the bears can break down below this weeks low you would look for accelerated selling to the downside.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ rallied very strongly into it’s resistance area and now the bulls have the chance to make a direct move to ATHs. If they can break through the 18575-625 area then we would look at 18850-19129 in a more direct manner.

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.