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 we saw the market break through the critical 4453 level and fallout. From here we are looking for a bounce that can go as high as 4453. Assuming the bears can hold you would look for continued downside to the 4275 area.

However, if we break directly over 4453 we could see the bulls try to take back control of the market.

NASDAQ Technical Analysis: Navigating Market Waters

Shifting our attention to the NASDAQ, the bears broke through and as I mentioned last week we saw extensions to the downside. We are now looking for a bounce to as high as the 15216 level. Assuming the bears hold we would be looking for further downside to the 14400-500 area.

If however, the bulls can push back through 15216 we could see them try to take back control of the 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.