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 continued it’s uptrend as expected. From here we would look for a small pullback into the 5020-5040 area followed by another move up towards the 5150-5250 area.

However, if the bears can push down and break 5000 we could see a wave 5 lower. Below 4880 and we could already be in C down

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ also continued it’s uptrend bounce into the a wave target area. From here we would expect a small pullback before moving higher towards 17700-18000

However, if the bears can break 17246 then it’s possible we see a push down in a wave 5 lower. Below 16983 and we could see a more direct slide to the 4800-4750 area.

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.