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 and gave us a bounce but the bulls were unable to hold onto it’s impulsive structure. That means we will likely see lower and we are looking at 2 potentials. The first would be that the move up was just an A wave and we would look for a B wave pullback and then C up towards 4380. From there we would look for the bears to hold and push down.

However, if they move directly lower the bulls must hold 4243 or the bullish path higher starts to unravel. If this is the case we would still be looking for a bounce back to the 4380 area.

NASDAQ Technical Analysis: Navigating Market Waters

Shifting our attention to the NASDAQ, using Elliott Wave Theory we can see that the bulls were able to hold the bullish structure into the close and it would take a break of 14805 for that to fall apart. If they hold on we would be looking to the 15133 area to complete a micro wave 1.

If however, the bears break 14128 the bulls are just about left for dead and the bears have complete control looking for a sub 13000 move next.

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.