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 rejected the highs and sold down through some key support. From here we would look for continuation to test the April lows. Assuming we see follow through we should be targeting at least the 4800 region next.

However, if the bulls can hold 5020 and push higher we could see a bigger B wave to 5200

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ also rejected and sold off. The primary path would be down from here to test the April lows and assuming we follow through the 16000 region should be seen next.

However, if the bulls can hold 17315 and push higher we could see a bigger B wave to 18100-150

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.