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: Riding the Waves

In our SP500 technical analysis, we observed the market’s intriguing performance as it ventured below yesterday’s low. This move hints at a potential 4,5 scenario, setting the stage for a wave 2 bounce.

Now, let’s focus on the exciting part: Keep a close watch on the 4471 area. If prices remain below this level, brace yourself for the possibility of one more dip, potentially down to the 4400-4425 range. But here’s the twist: We eagerly anticipate a wave 2 of C bounce, aiming for the thrilling 4490-4520 area.

NASDAQ Technical Analysis: Navigating Market Waters

Shifting our attention to the NASDAQ, we saw the market boldly break down below the 15241 pivot. This plunge could be the beginning of a 4,5 scenario, signaling a wave 2 of C bounce back to the 15500 area.

But here’s where it gets interesting: We’ll be watching closely to see if the bears can maintain their grip and steer the market towards the critical 14200 area.

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.