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 sold off the second 1/2 of the day following our preferred path and we would look for them to test the 5000 area then bounce and the nature of that bounce will give us an idea of the path we are following. If we bounce in 3 waves we continue to look lower but in 5 waves we can see them bull up to the 5600-5800 area.

However, any break of the recent lows would likely end up with an end to the bull market.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ sold off the second 1/2 of the day and is following the path we outlined in my paid rooms. We would look for them to test the 17000 area and then from there the bounce will tell the story. If we bounce in 3 waves we would look lower. If we bounce in 5 waves we look to the 19500-20500

However, any break of the recent lows would likely end up with the end of the 100 year bull market.

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.