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 held support and invalidated the move down and now looks like it wants to complete 4,5 of C into the 5400-5425 area. If they do pullback they would need to hold the blue box on the chart to stay in a standard wave 4.

If they break below 5260 we would look at structure to determine the next moves.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the pushed to new ATHs and looks to have wave 4 in place. If so we would look for a direct push to the 18850-19100 areas. If they fail and break down we would look for the bule box to hold.

If below 18416 then we will look at structure to determine the next path.

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.