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 spiked the lows and tried to bounce but couldn’t break through resistance. We now look to yesterday’s high and low as a key level. Above the high and we look to 4315 next then a resumption of the downtrend. If they break the low we would look more directly toward 4096

If however, the bulls can push through 4315 then 4380 they might be able to take back control of the market.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NASDAQ also tried to rally and got pushed back. It’s high and low become important as well. Break the high and they must hold 14937. Below yesterdays low and we look to the 14400 area then more likely the 13850 area.

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.