NASDAQ and SP500 Technical Analysis 6-7-23 (Elliott Wave Theory)

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NASDAQ and SP500 Technical Analysis 6-7-23 (Elliott Wave Theory)

by jcgabbard
June 7, 2023
0

SP500 technical analysis and NASDAQ analysis for today June 7th using Elliott Wave Theory- The market gave us a bullish breakout setup but the bears have a setup lurking to. Who will win?

SP500 Technical Analysis

SP500 technical analysis is telling us that the SP500 has given itself a bullish setup and is looking to breakout. If they can push over 4293 and then reach 4299 we are bullish as long as the market remains over 4290

However, if they fail to break out the bears can take teh market down to 4257 and if the break 4253 much lower.

NASDAQ Analysis

NASDAQ analysis is telling us that the NASDAQ remains bullish and is trying to breakout to complete a final push up towards 14770. If they can break over 14622 to at least 14650 then they are bullish to 14770

However, a break below 14472 is a warning to the bulls that the move up may be out of gas.

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INVESTOR AND TEACHER

My name is Jacob Gabbard. I'm an avid investor a father and a husband. I have been investing for over 20 years after my dad got me into it. I've been hooked ever since. I started this site to help new traders understand the Elliott Wave Theory methodology as well as teach people solid investing strategies so they can build their own wealth. I also love to teach and will be launching several programs to teach investing as well as Elliott Wave Theory to anyone that want's to learn. I release daily market updates on my YouTube Channel Invest With Jacob. I hope to work with you directly on your investing journey.